The rent prices in real estate in Mount Johns, in the Northern Territory 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 Mount Johns has had a strong fall during the last 6 months. In October, the average price per m² was $1.03. In November this price barely changed remaining at $1.03 per m². The price for the following two months in (December, January) fell 94 % with regard to the previous two months. The price per m² has had a considerable fall of 58 % 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 to $0.57 during February, and March.
When referring to the price in Mount Johns (suburbs), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $545. In November This price remains at $545. During the following two months (December, January) the average price fell 93 % 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 $526.5 to $176.5, which means a 34 % fall.