The rent prices in real estate in Paihia, in the Northland region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per m² in Paihia has had a strong fall during the last 6 months. In November, the average price per m² was $1.37. In the following month the price per m² fell considerably to $1. The price for the following two months in (January, February) had a considerable fall of 84 with regard to the previous two months. The price per m² has fallen 92 % 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 $1.09 to $1 during March, and April.
When referring to the price in Paihia (suburbs), there have hardly been any changes in the last 6 months. In our first sample month during November, the average price is $423. In December This price remains at $422. In the following two months the average price has hardly changed with regard to the previous two months from $422.5 to $422. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $422.25 and $422 between March and April.
The graph showing the average price for bedrooms displays the property with the most affordable price has 1 bedroom. It is 0 % more affordable than the average price of $422 in Paihia. Based on the bedrooms values, properties with the most affordable rent prices are those with 1 bedroom. They are 0 % more affordable than the average aforementioned.
With regard to the average prices per m² those properties with 1 bedroom are 0 % more affordable than the average price of ($1 / m²) in Paihia. Properties with the most affordable price when referring to the number of bedrooms / m² are those with 1 bedroom. They are 0 % more affordable than the average value aforementioned.