The rent prices in real estate in Geographe, in the Western Australia region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per m² in Geographe has risen strongly during the last 6 months. In November, the average price per m² was $0.68. In the following month the price per m² rose considerably to $1. The price for the following two months in (January, February) had a considerable rise of 119 %. The price per m² has had a considerable rise of 151 % 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 $0.92 to $1.39 during March, and April.
When referring to the price in Geographe (suburbs), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $765. In December This price remains at $779. In the following two months the average price has hardly changed with regard to the previous two months from $772 to $779. During the last two months the average price has fallen greatly compared to the previous four going from $775.5 to $398.5, which means a 51 % fall.