The rent prices in real estate in Narre Warren, 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 Narre Warren has had a strong fall during the last 6 months. In February, the average price per m² was $554.69. In the following month the price per m² fell considerably to . The price for the following two months in (April, May) had a considerable fall of 35 with regard to the previous two months. The price per m² has had a considerable fall of 23 % 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 $187.16 to $43.5 during June, and July.
When referring to the price in Narre Warren (suburbs), this has fallen considerably in the last 6 months. The average price for February is $12,523. During March the price had a considerable fall till . During the following two months (April, May) the average price had a considerable fall of 83 % 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 $5,720.75 to $3,210.5, which means a 56 % fall.