Property prices for sale in Farrar (Northern Territory)
The prices in real estate in Farrar, 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 Farrar has increased strongly during the last 6 months. In November, the average price per m² was $619. In December this price pretty much remained the same at a value of $606 per m². The price for the following two months in (January, February) had a considerable increment of 133 %. The price per m² has had a considerable increase of 131 % 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 $712.25 to $931.5 during March, and April.
Based upon to the price in Farrar (suburbs), these have remained the same in the last 6 months. The average price for November is $696,267. During December the price had a slight fall till $651,813. In the following two months the average price has remained the same with regard to the previous two months from $674,040 to $647,403. Based on an analysis of the first four prices and the last two months the average price has risen strongly 118 % during the last two months.
