The rent prices in real estate in Terang, 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 Terang has had a strong fall during the last 6 months. In November, the average price per m² was $200.39. In the following month the price per m² fell considerably to . The price for the following two months in (January, February) had a considerable fall of 0 with regard to the previous two months. The price per m² has had a considerable fall of 1 % 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 $50.1 to $0.44 during March, and April.
When referring to the price in Terang (suburbs), this has fallen considerably in the last 6 months. The average price for November is $516. During December the price had a considerable fall till $394. During the following two months (January, February) the average price fell 87 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 90 %, going from $424.5 to $383 in March and April.