The rent prices in real estate in Mitchelton, 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 Mitchelton has risen strongly during the last 6 months. In October, the average price per m² was $0.59. In the following month the price per m² rose considerably to $1.68. The price for the following two months in (December, January) had a considerable rise of 161 %. The price per m² has had a considerable rise of 338 % 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 $1.48 to $5.01 during February, and March.
When referring to the price in Mitchelton (suburbs), this has risen considerably in the last 6 months. The average price during our first sample month during October, is $350. During November the price went through a considerable rise reaching $559. During the following two months (December, January) the average price had a considerable rise of 133 % 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 152 % during the last two months.