The prices in real estate in Ohinewai, 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 Ohinewai has had a strong decrease during the last 6 months. In November, the average price per m² was $5,774. In the following month the price per m² decreased considerably to . The price for the following two months in (January, February) decreased 90 % with regard to the prior two months. The price per m² has had a considerable increase of 120 % 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 $2,737 to $3,283 during March, and April.
Based upon to the price in Ohinewai (suburbs), this has fallen considerably in the last 6 months. The average price for November is $1,740,208. During December the price had a considerable reduction till . During the following two months (January, February) the average price fell 88 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 123 % during the last two months.