The prices in real estate in Ngaio, in the Wellington 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 Ngaio has increased strongly during the last 6 months. In August, the average price per m² was . In the following month the price per m² increased considerably to $1,543. In the following two months the price per m² has barely changed, going from $771.5 to $808 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 $789.75 to during December, and January.
Based upon to the price in Ngaio (suburbs), this has gone up considerably in the last 6 months. The average price during our first sample month during August, is . During September the price went through a considerable rise reaching $773,333. During the following two months (October, November) the average price had a considerable increase of 137 % 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 $457,500 to , which means a 0 % fall.