The prices in real estate in Whalers Gate, in the Taranaki 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 Whalers Gate has had a strong decrease during the last 6 months. In November, the average price per m² was $5,274. In the following month the price per m² decreased to $4,787. The price for the following two months in (January, February) had a considerable decrease of 49 with regard to the prior two months. The price per m² has had a considerable deflation of 63 % 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 $3,745.25 to $2,368 during March, and April.
Based upon to the price in Whalers Gate (suburbs), this has fallen considerably in the last 6 months. The price in November is $782,250, rising in December till $850,500. During the following two months (January, February) the average price had a considerable reduction of 52 % 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 $618,750 to $412,166.5, which means a 67 % fall.