The rent prices in real estate in Old Beach, in the Tasmania 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 Old Beach has had a strong fall 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 $0.69. The price for the following two months in (December, January) had a considerable fall of 53 with regard to the previous two months. 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 $0.49 to during February, and March.
When referring to the price in Old Beach (suburbs), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $562. In November This price remains at $550. In the following two months the average price has hardly changed with regard to the previous two months from $556 to $565. During the last two months the average price has fallen greatly compared to the previous four going from $560.5 to $276.5, which means a 49 % fall.