The rent prices in real estate in Wellard, in the Western Australia 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 Wellard has had a strong fall during the last 6 months. In November, the average price per m² was $2.68. In the following month the price per m² fell considerably to $1.71. The price for the following two months in (January, February) had a considerable fall of 46 with regard to the previous two months. The price per m² has had a considerable rise of 123 % 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 $1.6 to $1.97 during March, and April.
When referring to the price in Wellard (suburbs), this has risen in the last 6 months. In our first sample month during November, the average price is $575. In December This price remains at $603. During the following two months (January, February) the price has had an average rise from $589 to $659. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $624 and $650 between March and April.