The rent prices in real estate in Nicholson, 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 Nicholson has had a strong fall during the last 6 months. In November, the average price per m² was $0.57. In the following month the price per m² fell to $0.54. The price for the following two months in (January, February) had a considerable fall of 0 with regard to the previous two months. The price per m² has had a considerable fall of 0 % 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 $0.28 to during March, and April.
When referring to the price in Nicholson (suburbs), this has fallen considerably in the last 6 months. The average price during our first sample month during November, is $470. During December the price went through a considerable rise reaching $573. During the following two months (January, February) the average price fell 90 % 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 $495.25 to $234.5, which means a 47 % fall.