The rent prices in real estate in St Albans Park, in the Victoria 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 St Albans Park has had a strong fall during the last 6 months. In October, the average price per m² was $0.54. In November this price barely changed remaining at $0.54 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 189 % 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 $0.27 to $0.51 during February, and March.
When referring to the price in St Albans Park (suburbs), this has risen in the last 6 months. In our first sample month during October, the average price is $442. In November This price remains at $442. In the following two months the average price has hardly changed with regard to the previous two months from $442 to $441. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 117 % during the last two months.