The rent prices in real estate in Chinchilla, 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 Chinchilla has had a strong fall during the last 6 months. In October, the average price per m² was $0.26. In the following month the price per m² fell to $0.24. The price for the following two months in (December, January) had a considerable fall of 80 with regard to the previous two months. The price per m² has had a considerable fall of 64 % 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 $0.22 to $0.14 during February, and March.
When referring to the price in Chinchilla (suburbs), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $193. In November This price remains at $193. During the following two months (December, January) the average price fell 86 % 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 $179.25 to $127, which means a 71 % fall.