Property Market
5 min read
What's happening with Waimakariri 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 Waimakariri house prices?
The average price of a Waimakariri property is $738,547 (QV, December 2025).
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Quick Facts
- The average price of a Waimakariri property is $738,547 (QV, December 2025)
- Over the last 3 months property prices in Waimakariri have gone down 0.44%
- Waimakariri property prices increased 4.17% per year (on average) in the 20 years between December 2005 - December 2025 (REINZ)
- The average rent in Waimakariri is $565 per week (Tenancy Services, November 2025)
How are Waimakariri property prices changing?
Waimakariri house prices soared after the Covid-19 pandemic began. House prices started out 36% below the eventual peak of the market.
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Where is Waimakariri in its property cycle?
At the absolute bottom of its property cycle, Waimakariri was 24.73% undervalued.
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Waimakariri suburb prices
I track the value of 8 suburbs in Waimakariri. The most expensive suburb is Pegasus, which has an average house value of $844,000. While the most affordable suburb is Oxford, which has an average house value of $638,650.
Over the last 24 months of all Waimakariri suburbs (December 2023 - December 2025, Woodend had the fastest-growing house prices. They have gone up 4.67% over that period.
The suburb that grew the slowest over that period was Oxford. Property values in this suburb grew by 0.85% over those 2 years.
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What is the Waimakariri rental market like?
Here's how rents are changing in Waimakariri. Over the last four years (November 2021 - November 2025) the median rent has gone up $80 a week. That's 3.89% a year (on average).
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Are properties selling above or below CV in Waimakariri?
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.
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