The rent prices in real estate in West Moonah, 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 West Moonah has had a strong fall during the last 6 months. In November, the average price per m² was $1. In December this price barely changed remaining at $1 per m². In the following two months the price per m² has practically remained the same, going from $1 to $1 per m². The price per m² has had a considerable fall of 50 % 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 $1 to $0.5 during March, and April.
When referring to the price in West Moonah (suburbs), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $462. In December This price remains at $462. In the following two months the average price has hardly changed with regard to the previous two months from $462 to $462. During the last two months the average price has fallen greatly compared to the previous four going from $462 to $231, which means a 50 % fall.