Property prices for sale in Alice Springs (Northern Territory)
The prices in real estate in Alice Springs, in the Northern Territory region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per m² in Alice Springs has increased strongly during the last 6 months. In October, the average price per m² was $407. In the following month the price per m² increased to $428. The price for the following two months in (December, January) had a considerable increment of 138 %. The price per m² has had a considerable increase of 116 % 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 $496.5 to $577 during February, and March.
Based upon to the price in Alice Springs (suburbs), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $1,010,636. In November This price remains at $968,364. During the following two months (December, January) the average price had a considerable reduction of 57 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $774,598.5 to $508,098.5, which means a 66 % fall.
