The rent prices in real estate in Waurn Ponds, 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 Waurn Ponds 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. In the following two months the price per m² has risen 107 %, going from $0.54 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 $0.56 to during February, and March.
When referring to the price in Waurn Ponds (suburbs), this has fallen in the last 6 months. In our first sample month during October, the average price is $389. In November This price remains at $397. During the following two months (December, January) the price has had an average rise from $393 to $441.5. During the last two months the average price has fallen greatly compared to the previous four going from $417.25 to $232, which means a 56 % fall.