The rent prices in real estate in Hallam, 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 Hallam has had a strong fall during the last 6 months. In October, the average price per m² was $2.34. In November this price barely changed remaining at $2.25 per m². The price for the following two months in (December, January) had a considerable fall of 85 with regard to the previous two months. The price per m² has had a considerable fall of 55 % 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 $2.12 to $1.15 during February, and March.
When referring to the price in Hallam (suburbs), this has fallen considerably in the last 6 months. The average price for October is $7,286. During November the price had a slight fall till $6,857. During the following two months (December, January) the average price had a considerable fall of 83 % 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 $6,484.5 to $4,978, which means a 77 % fall.