The prices in real estate in Hikurangi, in the Northland 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 Hikurangi has increased strongly during the last 6 months. In November, the average price per m² was . In the following month the price per m² increased considerably to $5,589. The price for the following two months in (January, February) had a considerable increment of 126 %. The price per m² has had a considerable increase of 165 % 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 $3,157.25 to $5,218 during March, and April.
Based upon to the price in Hikurangi (suburbs), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is . During December the price went through a considerable rise reaching $748,333. During the following two months (January, February) the average price fell 92 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 172 % during the last two months.