Property Market
5 min read
What's happening with Kaikoura 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 Kaikoura house prices?
#DIV/0!
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Quick Facts
- The average price of a Kaikoura property is $768,783 (QV, January 2025)
- #DIV/0!
- Kaikoura property prices increased 3.88% per year (on average) in the 20 years between December 2005 - December 2025 (REINZ)
- The average rent in Kaikoura is $ per week (Tenancy Services, November 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.
However, after that peak in May 2023, house prices fell 26.45% before bottoming out in June 2023.
Today, Kaikoura house prices are down 6.83% compared to their peak. That means prices have risen 26.68% since the bottom of the market.
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Where is Kaikoura in its property cycle?
At the absolute bottom of its property cycle, Kaikoura was 25.22% undervalued.
Today, property prices in Kaikoura are overvalued 7.74%.
That suggests there is a selling opportunity in Kaikoura.
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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.
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What is the Kaikoura rental market like?
Here's how rents are changing in Kaikoura.
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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)?'
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 Canterbury.
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.
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.
You might like to use us or another financial adviser.