The rent prices in real estate in New Norfolk, in the Tasmania 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 Norfolk has risen strongly during the last 6 months. In November, the average price per m² was $1.02. In the following month the price per m² rose considerably to $154. The price for the following two months in (January, February) had a considerable rise of 198 %. The price per m² has had a considerable fall of 66 % 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 $115.51 to $76.5 during March, and April.
When referring to the price in New Norfolk (suburbs), this has risen considerably in the last 6 months. The average price during our first sample month during November, is $363. During December the price went through a considerable rise reaching $17,534. During the following two months (January, February) the average price had a considerable rise of 196 % 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 $13,236.75 to $8,758, which means a 66 % fall.