The rent prices in real estate in South Morang, 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 South Morang has risen strongly during the last 6 months. In October, the average price per m² was $0.57. In November this price barely changed remaining at $0.58 per m². The price for the following two months in (December, January) had a considerable fall of 0 with regard to the previous two months. The price per m² has had a considerable rise of 14177 % 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 $0.29 to $40.76 during February, and March.
When referring to the price in South Morang (suburbs), this has risen considerably in the last 6 months. In our first sample month during October, the average price is $486. In November This price remains at $491. During the following two months (December, January) the average price had a considerable fall of 50 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 1010 % during the last two months.