The rent prices in real estate in Butler, in the Western Australia region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per m² in Butler has had a strong fall during the last 6 months. In October, the average price per m² was $1.8. In November this price barely changed remaining at $1.87 per m². The price for the following two months in (December, January) had a considerable fall of 33 with regard to the previous two months. The price per m² has had a considerable fall of 48 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per m² of $1.22 to $0.59 during February, and March.
When referring to the price in Butler (suburbs), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $603. In November This price remains at $626. In the following two months the average price has hardly changed with regard to the previous two months from $614.5 to $604.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 95 %, going from $609.5 to $578 in February and March.