The prices in real estate in Matangi, in the Oroua County region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per m² in Matangi has had a strong decrease during the last 6 months. In November, the average price per m² was $6,692. In December this price pretty much remained the same at a value of $6,701 per m². The price for the following two months in (January, February) had a considerable decrease of 54 with regard to the prior two months. The price per m² has had a considerable deflation of 69 % 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 $5,142.5 to $3,541 during March, and April.
Based upon to the price in Matangi (suburbs), this has fallen considerably in the last 6 months. The average price for November is $2,119,500. During December the price had a slight fall till $1,943,815. During the following two months (January, February) the average price had a considerable reduction of 52 % 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 $1,543,653 to $1,111,214.5, which means a 72 % fall.