The prices in real estate in Takanini, in the Auckland 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 Takanini has increased strongly during the last 6 months. In September, the average price per m² was $3,437. In the following month the price per m² increased to $3,850. The price for the following two months in (November, December) had a considerable increment of 131 %. The price per m² has decreased 90 % 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 $4,200 to $3,760.5 during January, and February.
Based upon to the price in Takanini (suburbs), this has fallen considerably in the last 6 months. The average price for September is $1,002,343. During October the price had a slight fall till $946,183. In the following two months the average price has remained the same with regard to the previous two months from $974,263 to $957,897.5. During the last two months the average price has had a strong fall compared to the previous four going from $966,080.25 to $689,621.5, which means a 71 % fall.