The rent prices in real estate in Werribee, 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 Werribee has had a strong fall during the last 6 months. In October, the average price per m² was $5.73. In the following month the price per m² fell considerably to $1.22. The price for the following two months in (December, January) had a considerable fall of 84 with regard to the previous two months. The price per m² has risen 112 % 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 $3.2 to $3.6 during February, and March.
When referring to the price in Werribee (suburbs), this has fallen considerably in the last 6 months. The average price for October is $5,848. During November the price had a considerable fall till $359. In the following two months the average price has hardly changed with regard to the previous two months from $3,103.5 to $3,137.5. During the last two months the average price has fallen greatly compared to the previous four going from $3,120.5 to $487, which means a 16 % fall.