The rent prices in real estate in Mount Melville, 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 Mount Melville has had a strong fall during the last 6 months. In October, the average price per m² was $1.89. In the following month the price per m² fell considerably to $0.88. 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 rise of 138 % 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 $0.69 to $0.95 during February, and March.
When referring to the price in Mount Melville (suburbs), this has fallen considerably in the last 6 months. The average price for October is $1,697. During November the price had a considerable fall till $505. During the following two months (December, January) the average price had a considerable fall of 40 % 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 $768 to $461, which means a 60 % fall.