The rent prices in real estate in Rye, in the Victoria region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per m² in Rye has risen strongly during the last 6 months. In September, the average price per m² was $0.66. In October this price barely changed remaining at $0.68 per m². In the following two months the price per m² has practically remained the same, going from $0.67 to $0.67 per m². The price per m² has had a considerable rise of 1140 % 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 $0.67 to $7.61 during January, and February.
When referring to the price in Rye (suburbs), this has fallen considerably in the last 6 months. In our first sample month during September, the average price is $537. In October This price remains at $547. In the following two months the average price has hardly changed with regard to the previous two months from $542 to $542. During the last two months the average price has fallen greatly compared to the previous four going from $542 to $269.5, which means a 50 % fall.