Property Market
5 min read
What's happening with Central Hawke's Bay house prices?
Council area of Hawke's Bay
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 Central Hawke's Bay house prices?
The average price of a Central Hawke's Bay property is $564,901 (QV, October 2025).
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Quick Facts
- The average price of a Central Hawke's Bay property is $564,901 (QV, October 2025)
- Over the last 3 months property prices in Central Hawke's Bay have gone up 0.34%
- Central Hawke's Bay property prices increased 5.91% per year (on average) in the 20 years between October 2005 - October 2025 (REINZ)
- The average rent in Central Hawke's Bay is $555 per week (Tenancy Services, September 2025)
How are Central Hawke's Bay property prices changing?
Central Hawke's Bay house prices soared after the Covid-19 pandemic began. House prices started out 42% below the eventual peak of the market.
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Where is Central Hawke's Bay in its property cycle?
At the absolute bottom of its property cycle, Central Hawke's Bay was 33.26% undervalued.
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Central Hawke's Bay suburb prices
I track the value of suburbs in Central Hawke's Bay. 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 Central Hawke's Bay rental market like?
Here's how rents are changing in Central Hawke's Bay. Over the last four years (September 2021 - September 2025) the median rent has gone up $220 a week. That's 13.45% a year (on average).
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Are properties selling above or below CV in Central Hawke's Bay?
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 Hawke's Bay property market here.