The rent prices in real estate in Morningside, 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 Morningside has risen strongly during the last 6 months. In October, the average price per m² was $0.82. In November this price barely changed remaining at $0.84 per m². The price for the following two months in (December, January) had a considerable rise of 118 %. The price per m² has had a considerable rise of 220 % 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 $0.9 to $2 during February, and March.
When referring to the price in Morningside (suburbs), this has risen considerably in the last 6 months. In our first sample month during October, the average price is $639. In November This price remains at $645. During the following two months (December, January) the price has had an average rise from $642 to $687.5. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 154 % during the last two months.