The rent prices in real estate in Wongaling Beach, in the Queensland 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 Wongaling Beach has had a strong fall during the last 6 months. In October, the average price per m² was $134.73. In the following month the price per m² rose to $151.56. The price for the following two months in (December, January) had a considerable fall of 1 with regard to the previous two months. The price per m² has had a considerable fall of 1 % 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 $72.07 to $0.5 during February, and March.
When referring to the price in Wongaling Beach (suburbs), this has fallen in the last 6 months. In our first sample month during October, the average price is $1,047. In November This price remains at $1,009. During the following two months (December, January) the price has had an average rise from $1,028 to $1,158. During the last two months the average price has fallen greatly compared to the previous four going from $1,093 to $579, which means a 53 % fall.