The rent prices in real estate in Highgate, 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 Highgate has risen strongly during the last 6 months. In October, the average price per m² was $1.04. In November this price barely changed remaining at $1.04 per m². In the following two months the price per m² has practically remained the same, going from $1.04 to $1 per m². The price per m² has had a considerable rise of 439 % 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 $1.02 to $4.47 during February, and March.
When referring to the price in Highgate (suburbs), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $555. In November This price remains at $555. In the following two months the average price has hardly changed with regard to the previous two months from $555 to $570. Based on an analysis of the first four prices and the last two months the average price has increased 106 % during the last two months.