Property prices for rent in Ocean Reef (Western Australia)
The rent prices in real estate in Ocean Reef, 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 Ocean Reef has had a strong fall during the last 6 months. In November, the average price per m² was $1.08. In the following month the price per m² fell considerably to $0.47. The price for the following two months in (January, February) had a considerable rise of 129 %. The price per m² has had a considerable fall of 56 % 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 $0.89 to $0.5 during March, and April.
When referring to the price in Ocean Reef (suburbs), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $344. In December This price remains at $338. During the following two months (January, February) the price has had an average rise from $341 to $361. During the last two months the average price has fallen greatly compared to the previous four going from $351 to $180.5, which means a 51 % fall.
