The rent prices in real estate in Newham, 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 Newham has had a strong fall during the last 6 months. In November, the average price per m² was $0.56. In the following month the price per m² rose to $0.62. The price for the following two months in (January, February) had a considerable fall of 45 with regard to the previous two months. The price per m² has had a considerable rise of 124 % 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 $0.43 to $0.53 during March, and April.
When referring to the price in Newham (suburbs), this has risen considerably in the last 6 months. The rent price in November is $385, rising in December till $424. During the following two months (January, February) the average price had a considerable rise of 126 % 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 increased 115 % during the last two months.