The rent prices in real estate in South Grafton, 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 South Grafton has had a strong fall during the last 6 months. In September, the average price per m² was $0.46. In October this price barely changed remaining at $0.45 per m². The price for the following two months in (November, December) fell 92 % with regard to the previous two months. The price per m² has had a considerable fall of 0 % 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 $0.44 to during January, and February.
When referring to the price in South Grafton (suburbs), this has fallen considerably in the last 6 months. In our first sample month during September, the average price is $502. In October This price remains at $508. During the following two months (November, December) the average price had a considerable rise of 115 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $543 to , which means a 0 % fall.