The rent prices in real estate in Pakenham Upper, 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 Upper has had a strong fall during the last 6 months. In October, the average price per m² was $0.51. In November this price barely changed remaining at $0.52 per m². In the following two months the price per m² has risen 109 %, going from $0.51 to $0.56 per m². 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 $0.54 to during February, and March.
When referring to the price in Pakenham Upper (suburbs), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $473. In November This price remains at $495. During the following two months (December, January) the average price had a considerable rise of 199 % 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 $724 to , which means a 0 % fall.