What's happening with Wairoa house prices?

Council area of Hawke's Bay

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

Author: Ed McKnight

Our 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: 24 Mar 2025

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What's happening to Wairoa house prices?

The average price of a Wairoa property is $417,027 (CoreLogic, February 2025).

Quick Facts

The average price of a Wairoa property is $417,027 (CoreLogic, February 2025)
Over the last 3 months property prices in Wairoa have gone down 25.07%
Wairoa property prices increased 7.30% per year (on average) in the 20 years between February 2005 - February 2025 (REINZ)
The average rent in Wairoa is $475 per week (Tenancy Services, November 2024)

How are Wairoa property prices changing?

Wairoa house prices soared after the Covid-19 pandemic began. House prices started out 53% below the eventual peak of the market.

Where is Wairoa in its property cycle?

At the absolute bottom of its property cycle, Wairoa was 36.39% undervalued.

Wairoa suburb prices

I track the value of 2 suburbs in Wairoa. The most expensive suburb is Mahia, which has an average house value of $. While the most affordable suburb is Mahia, which has an average house value of $.

Over the last 24 months of all Wairoa suburbs (February 2023 - February 2025, had the slowest-falling house prices. They have gone up 0.00% over that period.

The suburb that grew the slowest over that period was . Property values in this suburb grew by 0.00% over those 2 years.

What is the Wairoa rental market like?

Here's how rents are changing in Wairoa. Over the last four years (November 2020 - November 2024) the median rent has gone up $135 a week. That's 8.72% a year (on average).

Are properties selling above or below CV in Wairoa?

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.