Property Market
5 min read
What's happening with Opotiki 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 Opotiki house prices?
The average price of an Opotiki property is $536,416 (QV, January 2026).
Opotiki house prices are up 2.81% over the last three months (REINZ). And they are 3.54% up over the last 12 months.
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Quick Facts
- The average price of an Opotiki property is $536,416 (QV, January 2026)
- Over the last 3 months property prices in Opotiki have gone up 2.81%
- Opotiki property prices increased 5.00% per year (on average) in the 20 years between February 2006 - February 2026 (REINZ)
- The average rent in Opotiki is $ per week (Tenancy Services, January 2026)
How are Opotiki property prices changing?
Opotiki house prices soared after the Covid-19 pandemic began. House prices started out 33% below the eventual peak of the market.
However, after that peak in June 2022, house prices fell 32.92% before bottoming out in December 2022.
Today, Opotiki house prices are down 12.22% compared to their peak. That means prices have risen 36.54% since the bottom of the market.
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Where is Opotiki in its property cycle?
At the absolute bottom of its property cycle, Opotiki was 32.06% undervalued.
Today, property prices in Opotiki are overvalued 13.98%.
That suggests there is a selling opportunity in Opotiki.
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Opotiki suburb prices
I track the value of 2 suburbs in Opotiki. The most expensive suburb is Opotiki, which has an average house value of $461,000. While the most affordable suburb is Opotiki, which has an average house value of $461,000.
Over the last 24 months of all Opotiki suburbs (January 2024 - January 2026, Opotiki had the fastest-growing house prices. They have gone up 1.55% over that period.
The suburb that grew the slowest over that period was Opotiki. Property values in this suburb grew by 1.55% over those 2 years.
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What is the Opotiki rental market like?
Here's how rents are changing in Opotiki.
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Are properties selling above or below CV in Opotiki?
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 Tauranga City where house prices are current selling 6% above CV.
The area in Bay of Plenty selling the lowest vs CV is Kawerau District where house prices are selling 6% 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.
Current Property Listings
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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