What's happening with Kaikoura house prices?

Council area of Canterbury

Explore Kaikoura's property market for the latest trends, house prices, market cycles, rental yields, and top investment suburbs

Author: Ed McKnight

Our 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.

Last Updated: 24 Apr 2025

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What's happening to Kaikoura house prices?

The average price of a Kaikoura property is $722,519 (CoreLogic, February 2025).

Quick Facts

The average price of a Kaikoura property is $722,519 (CoreLogic, March 2025)
Over the last 3 months property prices in Kaikoura have gone down 1.88%
Kaikoura property prices increased 3.84% per year (on average) in the 20 years between March 2005 - March 2025 (REINZ)
The average rent in Kaikoura is $550 per week (Tenancy Services, February 2025)

How are Kaikoura property prices changing?

Kaikoura house prices soared after the Covid-19 pandemic began. House prices started out 50% below the eventual peak of the market.

Where is Kaikoura in its property cycle?

At the absolute bottom of its property cycle, Kaikoura was 25.08% undervalued.

Kaikoura suburb prices

I track the value of just 1 suburb in Kaikoura. It's called Kaikoura and you can see how the average property value is changing in the graph below.

What is the Kaikoura rental market like?

Here's how rents are changing in Kaikoura. Over the last four years (February 2021 - February 2025) the median rent has gone up $200 a week. That's 11.96% a year (on average).

Are properties selling above or below CV in Kaikoura?

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.