The prices in real estate in Larapinta, 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 Larapinta has increased strongly during the last 6 months. In November, the average price per m² was $537. In December this price pretty much remained the same at a value of $547 per m². The price for the following two months in (January, February) had a considerable increment of 124 %. The price per m² has barely changed in the last two months compared to the average price of the previous four months going from an average price of $606 to $620.5 during March y April
Based upon to the price in Larapinta (suburbs), this has gone downing the last 6 months. In our first sample month during November, the average price is $401,088. In December This price remains at $414,802. During the following two months (January, February) the average price fell 88 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 87 %, going from $382,598.75 to $331,125 in March and April.