The rent prices in real estate in Mortdale, in the New South Wales 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 Mortdale has had a strong fall during the last 6 months. In November, the average price per m² was $2.26. In the following month the price per m² fell considerably to $1.06. The price for the following two months in (January, February) had a considerable fall of 64 with regard to the previous two months. The price per m² has had a considerable fall of 76 % 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 $1.36 to $1.02 during March, and April.
When referring to the price in Mortdale (suburbs), this has risen considerably in the last 6 months. The average price during our first sample month during November, is $463. During December the price went through a considerable rise reaching $609. During the following two months (January, February) the average price had a considerable rise of 121 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 119 % during the last two months.