The rent prices in real estate in Mooroolbark, 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 Mooroolbark has had a strong fall during the last 6 months. In October, the average price per m² was $0.61. In November this price barely changed remaining at $0.61 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 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 $0.31 to during February, and March.
When referring to the price in Mooroolbark (suburbs), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $533. In November This price remains at $533. During the following two months (December, January) the average price had a considerable fall of 50 % 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 $400.75 to $268.5, which means a 67 % fall.