The rent prices in real estate in Lota, 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 Lota has had a strong fall during the last 6 months. In September, the average price per m² was $0.7. In October this price barely changed remaining at $0.7 per m². In the following two months the price per m² has practically remained the same, going from $0.7 to $0.68 per m². The price per m² has had a considerable fall of 0 % 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 $0.69 to during January, and February.
When referring to the price in Lota (suburbs), this has fallen considerably in the last 6 months. In our first sample month during September, the average price is $743. In October This price remains at $743. During the following two months (November, December) the price has had an average rise from $743 to $803. During the last two months the average price has fallen greatly compared to the previous four going from $773 to $371, which means a 48 % fall.