The prices in real estate in Humpty Doo, 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 Humpty Doo has had a strong decrease during the last 6 months. In November, the average price per m² was $495. In December this price pretty much remained the same at a value of $492 per m². In the following two months the price per m² has barely changed, going from $493.5 to $496.5 per m². The price per m² has had a considerable deflation of 53 % 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 $495 to $262 during March, and April.
Based upon to the price in Humpty Doo (suburbs), this has gone downing the last 6 months. In our first sample month during November, the average price is $435,211. In December This price remains at $438,026. During the following two months (January, February) the price has had an average incrementation from $436,618.5 to $485,857. During the last two months the average price has had a strong fall compared to the previous four going from $461,237.75 to $237,875, which means a 52 % fall.