The rent prices in real estate in Toormina, in the New South Wales region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per m² in Toormina has risen strongly during the last 6 months. In October, the average price per m² was $0.66. In November this price barely changed remaining at $0.69 per m². The price for the following two months in (December, January) had a considerable rise of 117 %. The price per m² has risen 106 % 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 $0.73 to $0.77 during February, and March.
When referring to the price in Toormina (suburbs), this has risen in the last 6 months. In our first sample month during October, the average price is $496. In November This price remains at $485. During the following two months (December, January) the price has had an average rise from $490.5 to $549.5. Based on an analysis of the first four prices and the last two months the average price has increased 113 % during the last two months.