The rent prices in real estate in Pakenham, 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 Pakenham has had a strong fall during the last 6 months. In September, the average price per m² was $11.17. In the following month the price per m² fell considerably to $8.7. The price for the following two months in (November, December) had a considerable fall of 77 with regard to the previous two months. The price per m² has had a considerable fall of 11 % 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 $8.8 to $0.94 during January, and February.
When referring to the price in Pakenham (suburbs), this has fallen considerably in the last 6 months. The average price for September is $9,291. During October the price had a considerable fall till $6,772. During the following two months (November, December) the average price had a considerable fall of 76 % 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 $7,064 to $520, which means a 7 % fall.