Property prices for sale in Maoribank (Wellington)

The price per m² in Maoribank has had a strong decrease during the last 6 months. In November, the average price per m² was $1,893. In the following month the price per m² decreased considerably to $1,364. The price for the following two months in (January, February) had a considerable decrease of 82 with regard to the prior two months. The price per m² has had a considerable deflation of 52 % 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 $1,484.25 to $767 during March, and April.

Based upon to the price in Maoribank (suburbs), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $918,750. In December This price remains at $924,800. In the following two months the average price has remained the same with regard to the previous two months from $921,775 to $905,291.5. During the last two months the average price has had a strong fall compared to the previous four going from $913,533.25 to $327,166.5, which means a 36 % fall.