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What's happening to Kaipara house prices?

The average price of a Kaipara property is $843,368 (CoreLogic, May 2024)

Kaipara house prices are down -0.64% over the last three months (REINZ). And they are 2.04% up over the last 12 months.

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Quick facts
  • The average price of a Kaipara property is $843,368 (CoreLogic, May 2024)
  • Over the last 3 months property prices in Kaipara have gone down -0.64%
  • Kaipara property prices increased 6.87% per year (on average) in the 20 years between May 2004 - May 2024 (REINZ)
  • The average rent in Kaipara is $555 per week (Tenancy Services, April 2023)

How are Kaipara property prices changing?

Kaipara house prices soared after the Covid-19 pandemic began. House prices started out 44% below the eventual peak of the market.

However, after that peak in January 2022, house prices fell 18.67% before bottoming out in June 2023.

Today, Kaipara house prices are down 14.59% compared to their peak. That means prices have risen 5.01% since the bottom of the market.

Kaipara District house prices compared to the peak of the market

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Where is Kaipara in its property cycle?

At the bottom of its property cycle, Kaipara was 25.26% undervalued. But now prices have caught up.

Today, property prices in Kaipara are overvalued by 18.30%.

That suggests there is a selling opportunity in Kaipara.

Is Kaipara over or undervalued?

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Kaipara District's suburb prices

Kaipara District

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Kaipara District is made up of 9 suburbs. The most expensive suburb is Mangawhai, which has an average house value of $1,107,450. While the most affordable suburb is Ruawai, which has an average house value of $408,000.

Over the last 24 months of all the Kaipara District suburbs (Jun 2022 - Jun 2024), Baylys Beach had the fastest-growing house prices at -2.21% per year.

The suburb that grew the slowest over that period was Kaiwaka, which grew at a rate of -6.23% per year.

What is the Kaipara rental market like?

Rents have been steadily increasing in Kaipara. Over the last four years (April 2020 - April 2024) the median rent has gone up $215 a week. That's 13.03% a year (on average).

Over the last 12 months, rents have gone up. They are up 11.00% ($55 a week) year on year.

Are properties selling above or below CV?

One of the most common questions I get asked is: “Ed, are properties selling above or below the Council Valuation (CV)?”

Some call it the RV (Rateable Value) or GV (Government Value).

Why do people care? Well, if you go on TradeMe (or another website), you’ll almost always see the council’s valuation for the property.

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 Northland, Far North District, and Whangarei District property markets here.

Ed solo

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.

Ed, our Resident Economist, is equipped with a GradDipEcon, a GradCertStratMgmt, BMus, and over five years of experience as Opes Partners' economist. His expertise in economics has led him to contribute articles to reputable publications like NZ Property Investor, Informed Investor, OneRoof, Stuff, and Business Desk. You might have also seen him share his insights on television programs such as The Project and Breakfast.

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