The rent prices in real estate in Eltham North, 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 Eltham North has had a strong fall during the last 6 months. In November, the average price per m² was $0.81. In December this price barely changed remaining at $0.81 per m². The price for the following two months in (January, February) had a considerable fall of 49 with regard to the previous two months. The price per m² has had a considerable fall of 0 % 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 $0.61 to during March, and April.
When referring to the price in Eltham North (suburbs), this has fallen considerably in the last 6 months. The rent price in November is $612, rising in December till $668. During the following two months (January, February) the average price had a considerable fall of 54 % 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 $493.25 to $287.5, which means a 58 % fall.