The rent prices in real estate in Forrest, in the Australian Capital Territory 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 Forrest has had a strong fall during the last 6 months. In November, the average price per m² was $1.22. In December this price barely changed remaining at $1.22 per m². In the following two months the price per m² has risen 105 %, going from $1.22 to $1.28 per m². The price per m² has had a considerable fall of 40 % 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 $1.25 to $0.5 during March, and April.
When referring to the price in Forrest (suburbs), there have hardly been any changes in the last 6 months. In our first sample month during November, the average price is $695. In December This price remains at $688. During the following two months (January, February) the average price had a considerable rise of 147 % 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 $854.25 to $329.5, which means a 39 % fall.