The rent prices in real estate in Ulverstone, 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 Ulverstone has had a strong fall during the last 6 months. In October, the average price per m² was $0.54. In the following month the price per m² fell to $0.5. The price for the following two months in (December, January) had a considerable fall of 44 with regard to the previous two months. The price per m² has had a considerable rise of 117 % 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 $0.38 to $0.44 during February, and March.
When referring to the price in Ulverstone (suburbs), this has risen considerably in the last 6 months. In our first sample month during October, the average price is $393. In November This price remains at $386. In the following two months the average price has hardly changed with regard to the previous two months from $389.5 to $382. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 145 % during the last two months.