Marlborough Property Market

Is it worth buying a property in Marlborough? Explore the data and find out. Last updated 11th January 2021

Introduction

Looking to Invest or buy a property in Marlborough?

This article breaks down all the most essential facts about the Marlborough property market.

The Marlborough property market is made up of 1 district, also named Marlborough, and 18 suburbs.

Median Marlborough House Price

Marlborough's Median House Price is $585,250

As at November 2020, the median house price in Marlborough is $585,250. This is up from $282,000 10 years earlier. That means that the median Marlborough property increased in value by 5.57% each year, or $30,325 on average.

The most expensive suburb in Marlborough is Wither Hills, which has a median house price of $739,100. That means that Wither Hills' median house price is 1.26x the region's median.

The least expensive suburb in Marlborough is Riversdale, which has a median house price of $452,600. That means that Riversdale's median house price is 22.67% cheaper than Marlborough's median.

Marlborough House Prices Comparison with NZ

Marlborough's Median House Price is 8.21% below its long term average

On average, over the last 28 years, Marlborough's median house price has been 82.47% of New Zealand’s median house price.

Assuming the long term fundamentals of either property market have not changed, Marlborough's median house price should trackback to this long term average.

That suggests that when Marlborough's median house price is below its long term average, there is a buying opportunity. When Marlborough's median house price is above its long term average, there are buying opportunities in other regions.

As of September 2019, Marlborough's median house price was 75.70% of New Zealand’s median house price. That is 8.21% below its long term ratio, which suggests that there may be a buying opportunity in Marlborough relative to the rest of the country.

Marlborough Property Market

Marlborough Property Market

Over the last 21 years of all Marlborough suburbs (Jan 2000 – Dec 2020), Mayfield had the fastest-growing house prices, at 6.83% per year. That is 6.53% slower than the median Marlborough house price.

The suburb that grew the slowest over that period was Waikawa, which grew at a rate of 5.71% per year. That’s 21.86% slower than the median Marlborough house price.

Other Property Markets

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 Auckland property market, the Wellington property market and the Christchurch property market by clicking any of the links mentioned here.