The prices in real estate in Sadadeen, 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 Sadadeen has increased strongly during the last 6 months. In October, the average price per m² was $545. In November this price pretty much remained the same at a value of $540 per m². The price for the following two months in (December, January) had a considerable increment of 148 %. The price per m² has had a considerable deflation of 81 % 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 $674 to $544.5 during February, and March.
Based upon to the price in Sadadeen (suburbs), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $372,667. In November This price remains at $377,725. During the following two months (December, January) the price has had an average incrementation from $375,196 to $400,819.5. During the last two months the average price has had a strong fall compared to the previous four going from $388,007.75 to $182,000, which means a 47 % fall.