The prices in real estate in Onerahi, in the Northland 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 Onerahi has increased strongly during the last 6 months. In October, the average price per m² was $3,420. In the following month the price per m² decreased to $3,186. The price for the following two months in (December, January) had a considerable increment of 135 %. The price per m² has increased 106 % 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 $3,879.25 to $4,122.5 during February, and March.
Based upon to the price in Onerahi (suburbs), these have remained the same in the last 6 months. In our first sample month during October, the average price is $650,125. In November This price remains at $674,250. During the following two months (December, January) the average price fell 92 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 95 %, going from $635,493.75 to $600,905 in February and March.