Property prices for sale in Katherine (Northern Territory)
The prices in real estate in Katherine, 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 Katherine has increased strongly during the last 6 months. In November, the average price per m² was $474. In December this price pretty much remained the same at a value of $473 per m². The price for the following two months in (January, February) decreased 88 % with regard to the prior two months. The price per m² has had a considerable increase of 179 % 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 $445.25 to $798 during March, and April.
Based upon to the price in Katherine (suburbs), this has gone up in the last 6 months. In our first sample month during November, the average price is $393,444. In December This price remains at $389,856. During the following two months (January, February) the average price fell 94 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 130 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $645,000 they are 69 % more affordable than the average price for Katherine. The properties with the highest average price have 4 bedrooms, Their price is 4 % more costly than the average. After that we have properties with 3 bedrooms priced at $313,716.
With regard to the average price per m² , those properties with 3 bedrooms are the cheapest ones at a cost of $388 / m², with an average $1,178 / m² price in Katherine. The properties with the lowest average prices have 4 bedrooms. They are 48 % cheaper than the average followed by properties with 1 bedroom with a price at $586 / m².
With regard to the average price based upon the property in Katherine we can see that the cheapest property type is "House" at a price of $359,443, they are 44 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 44 % more affordable than the average price aforementioned.
According to the average area cost by m² the cheapest property type is "House with an average price of $421 / m². "House" with an average cost of $421 / m² has the lowest price and would be directed at less affluent cities.
