The rent prices in real estate in West Beach, 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 West Beach has had a strong fall during the last 6 months. In October, the average price per m² was $2.67. 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 51 with regard to the previous two months. The price per m² has had a considerable fall of 34 % 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 $1.47 to $0.5 during February, and March.
When referring to the price in West Beach (suburbs), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $674. In November This price remains at $674. In the following two months the average price has hardly changed with regard to the previous two months from $674 to $673. During the last two months the average price has fallen greatly compared to the previous four going from $673.5 to $336.5, which means a 50 % fall.