Property Market
5 min read
What's happening with Kawerau house prices?
Council area of Bay of Plenty
Author: Ed McKnight
Resident Economist, with a GradDipEcon and over five years at Opes Partners, is a trusted contributor to NZ Property Investor, Informed Investor, Stuff, Business Desk, and OneRoof.
Reviewed by: Laine Moger
Journalist and Property Educator with six years of experience, holds a Bachelor of Communication (Honours) from Massey University.
What's happening to Kawerau house prices?
The average price of a Kawerau property is $405,985 (QV, May 2026).
Kawerau house prices are up 1.56% over the last three months (REINZ). And they are 8.61% up over the last 12 months.
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Quick Facts
- The average price of a Kawerau property is $405,985 (QV, May 2026)
- Over the last 3 months property prices in Kawerau have gone up 1.56%
- Kawerau property prices increased 5.75% per year (on average) in the 20 years between May 2006 - May 2026 (REINZ)
- The average rent in Kawerau is $490 per week (Tenancy Services, April 2026)
How are Kawerau property prices changing?
Kawerau house prices soared after the Covid-19 pandemic began. House prices started out 32% below the eventual peak of the market.
However, after that peak in April 2022, house prices fell 36.78% before bottoming out in July 2022.
Today, Kawerau house prices are down 17.37% compared to their peak. That means prices have risen 30.71% since the bottom of the market.
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Where is Kawerau in its property cycle?
At the absolute bottom of its property cycle, Kawerau was 47.87% undervalued.
Today, property prices in Kawerau are overvalued 35.01%.
That suggests there is a selling opportunity in Kawerau.
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Kawerau suburb prices
I track the value of just 1 suburb in Kawerau. It's called Kawerau and you can see how the average property value is changing in the graph below.
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What is the Kawerau rental market like?
Here's how rents are changing in Kawerau. Over the last four years (April 2022 - April 2026) the median rent has gone up $110 a week. That's 6.56% a year (on average).
Over the last 12 months, rents have gone down. They are down 10.91% ($60 a week) year on year.
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Are properties selling above or below CV in Kawerau?
One of the most common questions I get asked is: 'Ed, are properties selling above or below their Capital Value (CV)?'
Some call it the RV (Rateable Value) or GV (Government Value).
Why do people care? Well, if you go on TradeMe (or another website), you’ll almost always see the council’s valuation for the property. So even if the seller hasn't advertised a price, you can get a feel for what the property might sell for.
This table shows whether the average property is selling above or below CV across Bay of Plenty.
The area in Bay of Plenty selling the highest vs CV is Rotorua District where house prices are current selling 3% above CV.
The area in Bay of Plenty selling the lowest vs CV is Kawerau District where house prices are selling 8% below CV.
Other property markets to look into
If you found this article useful, then you might also like our analyses on the other property markets in New Zealand. You can read all about the Bay of Plenty property market here. You can also check out our analysis for every other council area in Bay of Plenty here:
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This property market information is for your general information. It’s not financial advice. See here for details about our Financial Advice Provider Disclosure. So Opes isn’t telling you what to do with your own money.
We’ve made every effort to make sure the information is accurate. But property markets change, and we occasionally get the odd fact wrong. Make sure you do your own research or talk to a financial adviser before making any investment decisions.
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