The prices in real estate in Upper Hutt, in the Wellington 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 Upper Hutt has increased strongly during the last 6 months. In March, the average price per m² was . In the following month the price per m² increased considerably to $941. In the following two months the price per m² has increased 106 %, going from $470.5 to $501 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 $485.75 to during July, and August.
Based upon to the price in Upper Hutt (suburbs), this has gone up considerably in the last 6 months. The average price during our first sample month during March, is . During April the price went through a considerable rise reaching $705,500. During the following two months (May, June) the price has had an average incrementation from $352,750 to $391,166.5. During the last two months the average price has had a strong fall compared to the previous four going from $371,958.25 to , which means a 0 % fall.