The prices in real estate in Bellamack, in the Northern Territory region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per m² in Bellamack has had a strong decrease during the last 6 months. In November, the average price per m² was $541. In the following month the price per m² decreased to $497. The price for the following two months in (January, February) had a considerable increment of 165 %. The price per m² has had a considerable deflation of 0 % 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 $686.75 to during March, and April.
Based upon to the price in Bellamack (suburbs), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $590,333. In December This price remains at $584,400. During the following two months (January, February) the price has had an average incrementation from $587,366.5 to $632,800. During the last two months the average price has had a strong fall compared to the previous four going from $610,083.25 to , which means a 0 % fall.