The prices in real estate in Zuccoli, 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 Zuccoli has increased strongly during the last 6 months. In November, the average price per m² was $689. In the following month the price per m² increased considerably to $873. The price for the following two months in (January, February) had a considerable increment of 223 %. The price per m² has had a considerable deflation of 77 % 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 $1,260.25 to $965.5 during March, and April.
Based upon to the price in Zuccoli (suburbs), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $576,875. In December This price remains at $586,471. In the following two months the average price has remained the same with regard to the previous two months from $581,673 to $555,229. During the last two months the average price has had a strong fall compared to the previous four going from $568,451 to $296,874, which means a 52 % fall.