The rent prices in real estate in Ross, in the Northern Territory 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 Ross has had a strong fall during the last 6 months. In October, the average price per m² was $0.95. In November this price barely changed remaining at $0.93 per m². In the following two months the price per m² has practically remained the same, going from $0.94 to $0.96 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 $0.95 to $0.5 during February, and March.
When referring to the price in Ross (suburbs), this has fallen in the last 6 months. The rent price in October is $601, rising in November till $640. During the following two months (December, January) the price has had an average rise from $620.5 to $669. During the last two months the average price has fallen greatly compared to the previous four going from $644.75 to $342, which means a 53 % fall.