The prices in real estate in Te Kowhai, 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 Te Kowhai has had a strong decrease during the last 6 months. In November, the average price per m² was $4,584. In the following month the price per m² decreased considerably to . In the following two months the price per m² has barely changed, going from $2,292 to $2,393 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 $2,342.5 to during March, and April.
Based upon to the price in Te Kowhai (suburbs), this has fallen considerably in the last 6 months. The average price for November is $1,087,260. During December the price had a considerable reduction till . During the following two months (January, February) the average price had a considerable reduction of 46 % 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 $397,256.75 to , which means a 0 % fall.