The rent prices in real estate in Thornleigh, 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 Thornleigh has had a strong fall during the last 6 months. In October, the average price per m² was $1.14. In November this price barely changed remaining at $1.14 per m². The price for the following two months in (December, January) had a considerable fall of 80 with regard to the previous two months. The price per m² has had a considerable fall of 73 % 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 $1.03 to $0.75 during February, and March.
When referring to the price in Thornleigh (suburbs), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $638. In November This price remains at $638. During the following two months (December, January) the price has had an average rise from $638 to $684.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 89 %, going from $661.25 to $587.5 in February and March.