What's happening with Waimate house prices?

Council area of Canterbury

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

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.

Last Updated: 16 Jun 2025

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What's happening to Waimate house prices?

The average price of a Waimate property is $432,061 (CoreLogic, February 2025).

Quick Facts

The average price of a Waimate property is $432,061 (CoreLogic, April 2025)
Over the last 3 months property prices in Waimate have gone up 10.85%
Waimate property prices increased 7.53% per year (on average) in the 20 years between April 2005 - April 2025 (REINZ)
The average rent in Waimate is $465 per week (Tenancy Services, March 2025)

How are Waimate property prices changing?

Waimate house prices soared after the Covid-19 pandemic began. House prices started out 40% below the eventual peak of the market.

Where is Waimate in its property cycle?

At the absolute bottom of its property cycle, Waimate was 29.05% undervalued.

Waimate suburb prices

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

What is the Waimate rental market like?

Here's how rents are changing in Waimate. Over the last four years (March 2021 - March 2025) the median rent has gone up $165 a week. That's 11.58% a year (on average).

Are properties selling above or below CV in Waimate?

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.