Property prices for rent in Lake Cathie (New South Wales)
The rent prices in real estate in Lake Cathie, in the New South Wales 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 Lake Cathie has had a strong fall during the last 6 months. In October, the average price per m² was $0.75. In November this price barely changed remaining at $0.75 per m². The price for the following two months in (December, January) fell 92 % with regard to the previous two months. The price per m² has had a considerable fall of 49 % 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 $0.72 to $0.35 during February, and March.
When referring to the price in Lake Cathie (suburbs), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $551. In November This price remains at $551. In the following two months the average price has hardly changed with regard to the previous two months from $551 to $547. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $549 and $532.5 between February and March.
