The rent prices in real estate in Thornton, 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 Thornton has had a strong fall during the last 6 months. In September, the average price per m² was $0.57. In October this price barely changed remaining at $0.58 per m². In the following two months the price per m² has practically remained the same, going from $0.57 to $0.58 per m². 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 $0.58 to during January, and February.
When referring to the price in Thornton (suburbs), this has risen considerably in the last 6 months. In our first sample month during September, the average price is $574. In October This price remains at $580. During the following two months (November, December) the average price had a considerable rise of 175 % 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 $792.5 to $596, which means a 75 % fall.