Property prices for sale in Durack (Northern Territory)
The prices in real estate in Durack, 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 Durack has increased strongly during the last 6 months. In October, the average price per m² was $655. In November this price pretty much remained the same at a value of $658 per m². The price for the following two months in (December, January) had a considerable increment of 155 %. The price per m² has had a considerable deflation of 75 % 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 $836.5 to $629 during February, and March.
Based upon to the price in Durack (suburbs), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $600,176. In November This price remains at $583,706. During the following two months (December, January) the average price fell 90 % 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 $561,426.5 to $317,428.5, which means a 57 % fall.
