Property prices for rent in Smithfield (Queensland)
The rent prices in real estate in Smithfield, 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 Smithfield has had a strong fall during the last 6 months. In March, the average price per m² was $0.77. In April this price barely changed remaining at $0.77 per m². The price for the following two months in (May, June) fell 86 % with regard to the previous two months. The price per m² has had a considerable fall of 70 % 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 $0.72 to $0.5 during July, and August.
When referring to the price in Smithfield (suburbs), this has fallen in the last 6 months. The rent price in March is $575, rising in April till $610. In the following two months the average price has hardly changed with regard to the previous two months from $592.5 to $589.5. During the last two months the average price has fallen greatly compared to the previous four going from $591 to $440.5, which means a 75 % fall.
