The rent prices in real estate in Sanctuary Point, in the New South Wales 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 Sanctuary Point has had a strong fall during the last 6 months. In October, the average price per m² was $0.6. In November this price barely changed remaining at $0.61 per m². The price for the following two months in (December, January) had a considerable fall of 58 with regard to the previous two months. The price per m² has fallen 90 % 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 $0.48 to $0.43 during February, and March.
When referring to the price in Sanctuary Point (suburbs), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $545. In November This price remains at $545. During the following two months (December, January) the price has had an average rise from $545 to $576. During the last two months the average price has fallen greatly compared to the previous four going from $560.5 to $250, which means a 45 % fall.