The rent prices in real estate in Redcliffe, in the Queensland 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 Redcliffe has had a strong fall during the last 6 months. In October, the average price per m² was $1.02. In November this price barely changed remaining at $0.97 per m². The price for the following two months in (December, January) had a considerable fall of 73 with regard to the previous two months. The price per m² has fallen 88 % 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 $0.86 to $0.76 during February, and March.
When referring to the price in Redcliffe (suburbs), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $685. In November This price remains at $692. During the following two months (December, January) the average price fell 95 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 94 %, going from $670.25 to $632.5 in February and March.