The rent prices in real estate in Somerset, 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 Somerset has had a strong fall during the last 6 months. In October, the average price per m² was $0.61. In November this price barely changed remaining at $0.58 per m². The price for the following two months in (December, January) fell 93 % with regard to the previous two months. The price per m² has had a considerable fall of 48 % 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 $0.58 to $0.28 during February, and March.
When referring to the price in Somerset (suburbs), this has risen in the last 6 months. In our first sample month during October, the average price is $330. In November This price remains at $338. During the following two months (December, January) the price has had an average rise from $334 to $351.5. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $342.75 and $357 between February and March.