Property prices for rent in Balmoral (Queensland)
The rent prices in real estate in Balmoral, 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 Balmoral has risen strongly during the last 6 months. In October, the average price per m² was $1.2. In November this price barely changed remaining at $1.2 per m². The price for the following two months in (December, January) had a considerable rise of 456 %. The price per m² has had a considerable fall of 15 % 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 $3.34 to $0.5 during February, and March.
When referring to the price in Balmoral (suburbs), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $1,227. In November This price remains at $1,227. During the following two months (December, January) the average price had a considerable rise of 144 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $1,495.25 to $579.5, which means a 39 % fall.
