The rent prices in real estate in Whangarei, 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 Whangarei has had a strong fall during the last 6 months. In October, the average price per m² was $9.87. In the following month the price per m² fell considerably to $7.6. The price for the following two months in (December, January) fell 86 % with regard to the previous two months. The price per m² has had a considerable fall of 75 % 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 $8.14 to $6.09 during February, and March.
When referring to the price in Whangarei (suburbs), this has fallen considerably in the last 6 months. The average price for October is $1,117. During November the price had a considerable fall till $880. During the following two months (December, January) the average price fell 87 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $932.5 to $716, which means a 77 % fall.