The prices in real estate in Newfield, in the Southland 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 Newfield has had a strong decrease during the last 6 months. In November, the average price per m² was $3,023. In the following month the price per m² increased to $3,420. In the following two months the price per m² has increased 110 %, going from $3,221.5 to $3,536 per m². The price per m² has had a considerable deflation of 0 % 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 $3,378.75 to during March, and April.
Based upon to the price in Newfield (suburbs), this has fallen considerably in the last 6 months. The price in November is $476,375, rising in December till $545,000. During the following two months (January, February) the price has had an average incrementation from $510,687.5 to $559,521. During the last two months the average price has had a strong fall compared to the previous four going from $535,104.25 to , which means a 0 % fall.