The rent prices in real estate in Redland Bay, in the Queensland region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per m² in Redland Bay has risen strongly during the last 6 months. In October, the average price per m² was $1.68. In the following month the price per m² fell considerably to $0.6. The price for the following two months in (December, January) had a considerable fall of 26 with regard to the previous two months. The price per m² has had a considerable rise of 636 % 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 $0.72 to $4.58 during February, and March.
When referring to the price in Redland Bay (suburbs), this has risen considerably in the last 6 months. In our first sample month during October, the average price is $614. In November This price remains at $613. In the following two months the average price has hardly changed with regard to the previous two months from $613.5 to $613. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 231 % during the last two months.