Property prices for sale in Woodroffe (Northern Territory)
The prices in real estate in Woodroffe, 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 Woodroffe has had a strong decrease during the last 6 months. In October, the average price per m² was $541. In November this price pretty much remained the same at a value of $535 per m². In the following two months the price per m² has barely changed, going from $538 to $548 per m². The price per m² has had a considerable deflation of 52 % 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 $543 to $284.5 during February, and March.
Based upon to the price in Woodroffe (suburbs), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is $463,064. In November This price remains at $465,500. In the following two months the average price has remained the same with regard to the previous two months from $464,282 to $466,576. During the last two months the average price has had a strong fall compared to the previous four going from $465,429 to $234,984, which means a 50 % fall.
