The rent prices in real estate in Larapinta, in the Northern Territory 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 Larapinta has had a strong fall during the last 6 months. In November, the average price per m² was $0.93. In the following month the price per m² fell to $0.84. The price for the following two months in (January, February) had a considerable fall of 81 with regard to the previous two months. The price per m² has had a considerable fall of 46 % 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 $0.8 to $0.37 during March, and April.
When referring to the price in Larapinta (suburbs), this has fallen in the last 6 months. The average price for November is $541. During December the price had a slight fall till $501. In the following two months the average price has hardly changed with regard to the previous two months from $521 to $514.5. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $517.75 and $498 between March and April.