The rent prices in real estate in Longwarry, 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 Longwarry has had a strong fall during the last 6 months. In November, the average price per m² was $0.5. In the following month the price per m² rose considerably to $0.71. The price for the following two months in (January, February) had a considerable fall of 79 with regard to the previous two months. The price per m² has had a considerable fall of 0 % 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 $0.54 to during March, and April.
When referring to the price in Longwarry (suburbs), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $448. In December This price remains at $451. In the following two months the average price has hardly changed with regard to the previous two months from $449.5 to $454.5. During the last two months the average price has fallen greatly compared to the previous four going from $452 to $222, which means a 49 % fall.