The rent prices in real estate in Derby, 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 Derby has had a strong fall during the last 6 months. In October, the average price per m² was $0.54. In November this price barely changed remaining at $0.55 per m². The price for the following two months in (December, January) had a considerable fall of 50 with regard to the previous two months. The price per m² has risen 110 % 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 $0.41 to $0.45 during February, and March.
When referring to the price in Derby (suburbs), this has fallen in the last 6 months. In our first sample month during October, the average price is $377. In November This price remains at $390. In the following two months the average price has hardly changed with regard to the previous two months from $383.5 to $374. During the last two months the average price has fallen greatly compared to the previous four going from $378.75 to $261.5, which means a 69 % fall.