Property prices for rent in Olinda (Victoria)
The rent prices in real estate in Olinda, in the Victoria region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per m² in Olinda has fallen during the last 6 months. In November, the average price per m² was $2.67. In December this price barely changed remaining at $2.67 per m². In the following two months the price per m² has risen 112 %, going from $2.67 to $3 per m². The price per m² has had a considerable fall of 53 % 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 $2.84 to $1.5 during March, and April.
When referring to the price in Olinda (suburbs), there have hardly been any changes in the last 6 months. In our first sample month during November, the average price is $6,014. In December This price remains at $6,014. During the following two months (January, February) the average price had a considerable rise of 130 % 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 $6,908 to $3,901, which means a 56 % fall.
