The rent prices in real estate in West Hobart, in the Tasmania 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 West Hobart has risen strongly during the last 6 months. In November, the average price per m² was $0.96. In December this price barely changed remaining at $0.95 per m². The price for the following two months in (January, February) had a considerable rise of 471 %. 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 $2.73 to during March, and April.
When referring to the price in West Hobart (suburbs), there have hardly been any changes in the last 6 months. In our first sample month during November, the average price is $570. In December This price remains at $570. During the following two months (January, February) the average price had a considerable rise of 162 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $747.75 to $285.5, which means a 38 % fall.