Property prices for sale in Araluen (Northern Territory)
The prices in real estate in Araluen, in the Northern Territory region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per m² in Araluen has fallen in the last 6 months. In October, the average price per m² was $658. In November this price pretty much remained the same at a value of $661 per m². In the following two months the price per m² has increased 111 %, going from $659.5 to $734.5 per m². The price per m² has had a considerable deflation of 59 % 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 $697 to $408 during February, and March.
Based upon to the price in Araluen (suburbs), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $557,440. In November This price remains at $564,360. In the following two months the average price has remained the same with regard to the previous two months from $560,900 to $566,262. During the last two months the average price has had a strong fall compared to the previous four going from $563,581 to $303,607, which means a 54 % fall.
