The rent prices in real estate in Ashburton, in the Canterbury 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 Ashburton has had a strong fall during the last 6 months. In October, the average price per m² was $6.41. In the following month the price per m² fell considerably to $1.23. The price for the following two months in (December, January) had a considerable fall of 78 with regard to the previous two months. The price per m² has had a considerable fall of 66 % 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 $3.4 to $2.23 during February, and March.
When referring to the price in Ashburton (suburbs), there have hardly been any changes in the last 6 months. The average price for October is $823. During November the price had a considerable fall till $609. During the following two months (December, January) the average price fell 94 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 142 % during the last two months.