The rent prices in real estate in Encounter Bay, in the South 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 Encounter Bay has had a strong fall during the last 6 months. In October, the average price per m² was $1.45. In November this price barely changed remaining at $1.45 per m². The price for the following two months in (December, January) fell 86 % with regard to the previous two months. The price per m² has had a considerable fall of 38 % 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 $1.35 to $0.51 during February, and March.
When referring to the price in Encounter Bay (suburbs), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $1,374. In November This price remains at $1,374. In the following two months the average price has hardly changed with regard to the previous two months from $1,374 to $1,383. During the last two months the average price has fallen greatly compared to the previous four going from $1,378.5 to $535, which means a 39 % fall.