Property prices for sale in Nightcliff (Northern Territory)
The prices in real estate in Nightcliff, in the Northern Territory region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per m² in Nightcliff has remained the same in the last 6 months. In October, the average price per m² was $632. In November this price pretty much remained the same at a value of $632 per m². In the following two months the price per m² has increased 112 %, going from $632 to $707.5 per m². The price per m² has decreased 87 % 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 $669.75 to $584.5 during February, and March.
Based upon to the price in Nightcliff (suburbs), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is $381,040. In November This price remains at $381,040. During the following two months (December, January) the average price had a considerable increase of 126 % 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 gone up 108 % 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 $427,571 they are 61 % more affordable than the average price for Nightcliff. The properties with the highest average price have 4 bedrooms, Their price is 90 % more costly than the average. After that we have properties with 3 bedrooms priced at $635,613.
With regard to the average price per m² , those properties with 1 bedroom are the most costly ones at a cost of $577 / m², with an average $524 / m² price in Nightcliff. The properties with the highest average prices have 3 bedrooms. They are 36 % more expensive than the average followed by properties with 4 bedrooms with a price at $683 / m².
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $427,571 it is 21 % cheaper than the average price in Nightcliff. "House" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "House". At a price of $394,605 it is 76 % more expensive than the average price.
According to the average cost per m², the most expensive property type would be "Apartment" at an average cost of $634 / m² followed by "Condo" priced at $670 / m². "House" is the most costly type of property with a $2,902 / m² cost followed by "Condo" with an average price of $670 / m².
