Property Market
5 min read
What's happening with Timaru 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 Timaru house prices?
The average price of a Timaru property is $527,973 (QV, October 2025).
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Quick Facts
- The average price of a Timaru property is $527,973 (QV, October 2025)
- Over the last 3 months property prices in Timaru have gone up 2.07%
- Timaru property prices increased 4.81% per year (on average) in the 20 years between October 2005 - October 2025 (REINZ)
- The average rent in Timaru is $465 per week (Tenancy Services, September 2025)
How are Timaru property prices changing?
Timaru house prices soared after the Covid-19 pandemic began. House prices started out 28% below the eventual peak of the market.
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Where is Timaru in its property cycle?
At the absolute bottom of its property cycle, Timaru was 19.54% undervalued.
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Timaru suburb prices
I track the value of suburbs in Timaru. The most expensive suburb is , which has an average house value of $. While the most affordable suburb is , which has an average house value of $.
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What is the Timaru rental market like?
Here's how rents are changing in Timaru. Over the last four years (September 2021 - September 2025) the median rent has gone up $105 a week. That's 6.61% a year (on average).
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Are properties selling above or below CV in Timaru?
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.