Property prices for sale in Rapid Creek (Northern Territory)
The prices in real estate in Rapid Creek, 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 Rapid Creek has had a strong decrease during the last 6 months. In October, the average price per m² was $578. In the following month the price per m² increased to $649. The price for the following two months in (December, January) had a considerable decrease of 47 with regard to the prior two months. The price per m² has had a considerable deflation of 0 % 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 $451.25 to during February, and March.
Based upon to the price in Rapid Creek (suburbs), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $348,222. In November This price remains at $361,750. During the following two months (December, January) the average price had a considerable reduction of 49 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $264,548.5 to , which means a 0 % fall.
