The rent prices in real estate in Meeniyan, 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 Meeniyan has had a strong fall during the last 6 months. In October, the average price per m² was $0.58. In November this price barely changed remaining at $0.58 per m². The price for the following two months in (December, January) had a considerable fall of 0 with regard to the previous two months. The price per m² has had a considerable rise of 193 % 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 $0.29 to $0.56 during February, and March.
When referring to the price in Meeniyan (suburbs), this has fallen in the last 6 months. In our first sample month during October, the average price is $500. In November This price remains at $500. In the following two months the average price has hardly changed with regard to the previous two months from $500 to $499. During the last two months the average price has fallen greatly compared to the previous four going from $499.5 to $390, which means a 78 % fall.