Property Market
5 min read
What's happening with Waitaki house prices?
Council area of Otago
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 Waitaki house prices?
The average price of a Waitaki property is $520,779 (QV, January 2026).
Loading...
Quick Facts
- The average price of a Waitaki property is $520,779 (QV, January 2025)
- Over the last 3 months property prices in Waitaki have gone up 2.83%
- Waitaki property prices increased 5.50% per year (on average) in the 20 years between December 2005 - December 2025 (REINZ)
- The average rent in Waitaki is $475 per week (Tenancy Services, November 2025)
How are Waitaki property prices changing?
Waitaki house prices soared after the Covid-19 pandemic began. House prices started out 32% below the eventual peak of the market.
Loading...
Where is Waitaki in its property cycle?
At the absolute bottom of its property cycle, Waitaki was 25.29% undervalued.
Loading...
Waitaki suburb prices
I track the value of suburbs in Waitaki. 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 $.
Loading...
What is the Waitaki rental market like?
Here's how rents are changing in Waitaki. Over the last four years (November 2021 - November 2025) the median rent has gone up $125 a week. That's 7.93% a year (on average).
Loading...
Are properties selling above or below CV in Waitaki?
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 Otago property market here.
Current Property Listings
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.
You might like to use us or another financial adviser.