The rent prices in real estate in Donvale, in the Victoria 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 Donvale has had a strong fall during the last 6 months. In October, the average price per m² was $0.65. In November this price barely changed remaining at $0.65 per m². The price for the following two months in (December, January) had a considerable fall of 0 with regard to the previous two months. The price per m² has had a considerable rise of 123 % 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 $0.32 to $0.4 during February, and March.
When referring to the price in Donvale (suburbs), this has risen in the last 6 months. In our first sample month during October, the average price is $598. In November This price remains at $598. During the following two months (December, January) the price has had an average rise from $598 to $628. Based on an analysis of the first four prices and the last two months the average price has increased 111 % during the last two months.