Property prices for sale in Gray (Northern Territory)
The prices in real estate in Gray, 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 Gray has fallen in the last 6 months. In October, the average price per m² was $653. In the following month the price per m² decreased to $560. The price for the following two months in (December, January) had a considerable increment of 116 %. The price per m² has had a considerable deflation of 76 % 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 $655.5 to $496 during February, and March.
Based upon to the price in Gray (suburbs), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $388,100. In November This price remains at $384,250. In the following two months the average price has remained the same with regard to the previous two months from $386,175 to $382,083.5. During the last two months the average price has had a strong fall compared to the previous four going from $384,129.25 to $151,125, which means a 39 % fall.
