The rent prices in real estate in New Farm, 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 New Farm has risen strongly during the last 6 months. In October, the average price per m² was $1.36. In November this price barely changed remaining at $1.32 per m². The price for the following two months in (December, January) had a considerable rise of 15017 %. 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 $101.28 to $0.5 during February, and March.
When referring to the price in New Farm (suburbs), this has risen considerably in the last 6 months. In our first sample month during October, the average price is $899. In November This price remains at $865. During the following two months (December, January) the average price had a considerable rise of 1387 % 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 $6,558.25 to $424, which means a 6 % fall.