The rent prices in real estate in Morwell, 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 Morwell has risen strongly during the last 6 months. In November, the average price per m² was $0.82. In the following month the price per m² fell to $0.7. The price for the following two months in (January, February) had a considerable rise of 150 %. The price per m² has had a considerable rise of 501 % 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 $0.95 to $4.76 during March, and April.
When referring to the price in Morwell (suburbs), there have hardly been any changes in the last 6 months. The average price for November is $669. During December the price had a considerable fall till $497. In the following two months the average price has hardly changed with regard to the previous two months from $583 to $591. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 137 % during the last two months.