Property Market
5 min read
What's happening with Selwyn 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 Selwyn house prices?
The average price of a Selwyn property is $857,083 (QV, January 2026).
Selwyn house prices are up 1.05% over the last three months (REINZ). And they are 1.77% up over the last 12 months.
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Quick Facts
- The average price of a Selwyn property is $857,083 (QV, January 2026)
- Over the last 3 months property prices in Selwyn have gone up 1.05%
- Selwyn property prices increased 5.93% per year (on average) in the 20 years between February 2006 - February 2026 (REINZ)
- The average rent in Selwyn is $640 per week (Tenancy Services, December 2025)
How are Selwyn property prices changing?
Selwyn house prices soared after the Covid-19 pandemic began. House prices started out 37% below the eventual peak of the market.
However, after that peak in February 2022, house prices fell 12.06% before bottoming out in June 2023.
Today, Selwyn house prices are down 5.74% compared to their peak. That means prices have risen 8.71% since the bottom of the market.
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Where is Selwyn in its property cycle?
At the absolute bottom of its property cycle, Selwyn was 21.63% undervalued.
Today, property prices in Selwyn are undervalued 0.90%.
That suggests there is neither a buying or selling opportunity in Selwyn.
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Selwyn suburb prices
I track the value of 10 suburbs in Selwyn. The most expensive suburb is Prebbleton, which has an average house value of $1,223,300. While the most affordable suburb is Southbridge, which has an average house value of $581,100.
Over the last 24 months of all Selwyn suburbs (January 2024 - January 2026, Darfield had the fastest-growing house prices. They have gone up 12.00% over that period.
The suburb that fell the fastest over that period was West Melton. Property values in this suburb fell by 0.23% over those 2 years.
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What is the Selwyn rental market like?
Here's how rents are changing in Selwyn. Over the last four years (December 2021 - December 2025) the median rent has gone up $100 a week. That's 4.34% a year (on average).
Over the last 12 months, rents have gone up. They are up 4.40% ($27 a week) year on year.
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Are properties selling above or below CV in Selwyn?
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.
The area in Canterbury selling the highest vs CV is Christchurch City where house prices are current selling 7% above CV.
The area in Canterbury selling the lowest vs CV is Waimate District where house prices are also selling 1% above 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.
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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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