The rent prices in real estate in Mill Park, in the Victoria 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 Mill Park has risen strongly during the last 6 months. In October, the average price per m² was $0.54. In November this price barely changed remaining at $0.54 per m². The price for the following two months in (December, January) had a considerable rise of 7243 %. The price per m² has had a considerable fall of 4 % 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 $19.83 to $0.7 during February, and March.
When referring to the price in Mill Park (suburbs), this has risen considerably in the last 6 months. In our first sample month during October, the average price is $469. In November This price remains at $469. During the following two months (December, January) the average price had a considerable rise of 525 % 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 $1,466.5 to $452.5, which means a 31 % fall.