The prices in real estate in Taupiri, in the Waikato 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 Taupiri has had a strong decrease during the last 6 months. In November, the average price per m² was $5,681. In the following month the price per m² increased considerably to $6,546. 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 deflation of 46 % 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 $5,808 to $2,699.5 during March, and April.
Based upon to the price in Taupiri (suburbs), this has fallen considerably in the last 6 months. The price in November is $1,039,750, rising in December till $1,122,571. During the following two months (January, February) the average price had a considerable reduction of 77 % 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 $957,273.25 to $486,517.5, which means a 51 % fall.