The rent prices in real estate in Portarlington, 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 Portarlington has had a strong fall during the last 6 months. In October, the average price per m² was $1.35. In November this price barely changed remaining at $1.35 per m². The price for the following two months in (December, January) had a considerable fall of 55 with regard to the previous two months. The price per m² has had a considerable fall of 72 % 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 $1.05 to $0.75 during February, and March.
When referring to the price in Portarlington (suburbs), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $836. In November This price remains at $836. During the following two months (December, January) the average price had a considerable fall of 63 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 93 %, going from $680 to $629 in February and March.