The rent prices in real estate in Dromana, 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 Dromana has had a strong fall during the last 6 months. In November, the average price per m² was $19.35. In the following month the price per m² fell considerably to $0.79. The price for the following two months in (January, February) had a considerable fall of 8 with regard to the previous two months. The price per m² has had a considerable fall of 13 % 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 $5.43 to $0.68 during March, and April.
When referring to the price in Dromana (suburbs), this has fallen considerably in the last 6 months. The average price for November is $17,087. During December the price had a considerable fall till $635. During the following two months (January, February) the average price had a considerable fall of 7 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $4,726.25 to $558, which means a 12 % fall.