Property Market
5 min read
What's happening with Hurunui house prices?
Council area of Canterbury
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 Hurunui house prices?
The average price of a Hurunui property is $652,157 (QV, November 2025).
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Quick Facts
- The average price of a Hurunui property is $652,157 (QV, November 2025)
- Over the last 3 months property prices in Hurunui have gone up 1.62%
- Hurunui property prices increased 5.80% per year (on average) in the 20 years between October 2005 - October 2025 (REINZ)
- The average rent in Hurunui is $400 per week (Tenancy Services, September 2025)
How are Hurunui property prices changing?
Hurunui house prices soared after the Covid-19 pandemic began. House prices started out 38% below the eventual peak of the market.
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Where is Hurunui in its property cycle?
At the absolute bottom of its property cycle, Hurunui was 21.35% undervalued.
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Hurunui suburb prices
I track the value of 4 suburbs in Hurunui. The most expensive suburb is Hanmer Springs, which has an average house value of $836,250. While the most affordable suburb is Leithfield, which has an average house value of $603,550.
Over the last 24 months of all Hurunui suburbs (November 2023 - November 2025, Hanmer Springs had the fastest-growing house prices. They have gone up 5.22% over that period.
The suburb that grew the slowest over that period was Leithfield. Property values in this suburb grew by 1.34% over those 2 years.
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What is the Hurunui rental market like?
Here's how rents are changing in Hurunui. Over the last four years (September 2021 - September 2025) the median rent has gone down $-35 a week. That's -2.08% a year (on average).
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Are properties selling above or below CV in Hurunui?
One of the most common questions I get asked is: “Ed, are properties selling above or below their Capital Value (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 Canterbury property market here.