The rent prices in real estate in Mindarie, in the Western Australia 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 Mindarie has had a strong fall during the last 6 months. In November, the average price per m² was $0.77. In December this price barely changed remaining at $0.79 per m². The price for the following two months in (January, February) had a considerable fall of 0 with regard to the previous two months. The price per m² has had a considerable rise of 128 % 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 $0.39 to $0.5 during March, and April.
When referring to the price in Mindarie (suburbs), this has fallen considerably in the last 6 months. The rent price in November is $898, rising in December till $959. During the following two months (January, February) the average price had a considerable fall of 48 % 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 $688.5 to $430.5, which means a 63 % fall.