Property Market
5 min read
What's happening with Christchurch 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 Christchurch house prices?
The average price of a Christchurch property is $791,541 (QV, December 2025).
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Quick Facts
- The average price of a Christchurch property is $791,541 (QV, December 2025)
- Over the last 3 months property prices in Christchurch have gone up 0.05%
- Christchurch property prices increased 4.41% per year (on average) in the 20 years between December 2005 - December 2025 (REINZ)
- The average rent in Christchurch is $570 per week (Tenancy Services, November 2025)
How are Christchurch property prices changing?
Christchurch house prices soared after the Covid-19 pandemic began. House prices started out 37% below the eventual peak of the market.
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Where is Christchurch in its property cycle?
At the absolute bottom of its property cycle, Christchurch was 22.73% undervalued.
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Christchurch suburb prices
I track the value of 87 suburbs in Christchurch. The most expensive suburb is Scarborough, which has an average house value of $2,001,300. While the most affordable suburb is Phillipstown, which has an average house value of $468,200.
Over the last 24 months of all Christchurch suburbs (December 2023 - December 2025, Cracroft had the fastest-growing house prices. They have gone up 26.72% over that period.
The suburb that grew the slowest over that period was Christchurch Central. Property values in this suburb grew by 0.22% over those 2 years.
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What is the Christchurch rental market like?
Here's how rents are changing in Christchurch. Over the last four years (November 2021 - November 2025) the median rent has gone up $120 a week. That's 6.09% a year (on average).
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Are properties selling above or below CV in Christchurch?
One of the most common questions I get asked is: “Ed, are properties selling above or below their Capital Value (CV)?”
Where do house prices grow the fastest in the Christchurch property market?
Where do house prices go up the fastest in Christchurch?
Which suburbs in the Christchurch property market have the highest yields?
Gross yields vary widely depending on which suburb you chose to investigate.
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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