The rent prices in real estate in Shoalwater, in the Western Australia 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 Shoalwater has had a strong fall during the last 6 months. In November, the average price per m² was $0.89. In the following month the price per m² fell considerably to $0.57. The price for the following two months in (January, February) had a considerable fall of 75 with regard to the previous two months. The price per m² has had a considerable fall of 78 % 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 $0.64 to $0.5 during March, and April.
When referring to the price in Shoalwater (suburbs), there have hardly been any changes in the last 6 months. The rent price in November is $490, rising in December till $527. In the following two months the average price has hardly changed with regard to the previous two months from $508.5 to $521.5. 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 $515 to $481 in March and April.