The prices in real estate in Lake Taupo, in the Central North Island 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 Lake Taupo has increased strongly during the last 6 months. In October, the average price per m² was . In the following month the price per m² increased considerably to $7,362. The price for the following two months in (December, January) had a considerable increment of 140 %. The price per m² has barely changed in the last two months compared to the average price of the previous four months going from an average price of $4,424.5 to $4,456.5 during February y March
Based upon to the price in Lake Taupo (suburbs), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is . During November the price went through a considerable rise reaching $1,063,500. During the following two months (December, January) the average price had a considerable increase of 162 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $695,691.75 to $552,166.5, which means a 79 % fall.