The rent prices in real estate in Shearwater, 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 Shearwater has had a strong fall during the last 6 months. In October, the average price per m² was $0.46. In November this price barely changed remaining at $0.46 per m². The price for the following two months in (December, January) had a considerable fall of 41 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 $0.32 to during February, and March.
When referring to the price in Shearwater (suburbs), there have hardly been any changes in the last 6 months. In our first sample month during October, the average price is $392. In November This price remains at $403. In the following two months the average price has hardly changed with regard to the previous two months from $397.5 to $395.5. Based on an analysis of the first four prices and the last two months the average price has increased 107 % during the last two months.