The rent prices in real estate in East Launceston, in the Tasmania 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 East Launceston has had a strong fall during the last 6 months. In October, the average price per m² was $0.97. In November this price barely changed remaining at $0.97 per m². In the following two months the price per m² has practically remained the same, going from $0.97 to $1 per m². The price per m² has had a considerable fall of 51 % 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 $0.99 to $0.5 during February, and March.
When referring to the price in East Launceston (suburbs), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $552. In November This price remains at $552. In the following two months the average price has hardly changed with regard to the previous two months from $552 to $559. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $555.5 and $555 between February and March.