Property prices for rent in Melton South (Victoria)
The rent prices in real estate in Melton South, 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 Melton South has had a strong fall during the last 6 months. In October, the average price per m² was $4.57. In the following month the price per m² fell considerably to $0.29. The price for the following two months in (December, January) had a considerable fall of 18 with regard to the previous two months. The price per m² has had a considerable fall of 30 % 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 $1.43 to $0.43 during February, and March.
When referring to the price in Melton South (suburbs), this has fallen considerably in the last 6 months. The average price for October is $5,183. During November the price had a considerable fall till $300. During the following two months (December, January) the average price had a considerable fall of 16 % 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 $1,591.75 to $438, which means a 28 % fall.
