The rent prices in real estate in Cairns City, in the Queensland 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 Cairns City has had a strong fall during the last 6 months. In October, the average price per m² was $7.96. In the following month the price per m² fell considerably to . The price for the following two months in (December, January) had a considerable fall of 0 with regard to the previous two months. The price per m² has had a considerable rise of 131 % 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 $1.99 to $2.62 during February, and March.
When referring to the price in Cairns City (suburbs), this has fallen considerably in the last 6 months. The average price for October is $653. During November the price had a considerable fall till . During the following two months (December, January) the average price had a considerable fall of 0 % 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 216 % during the last two months.