Property Market
5 min read
What's happening with Southland house prices?
Council area of Southland
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 Southland house prices?
The average price of a Southland property is $547,013 (QV, October 2025).
Quick Facts
- The average price of a Southland property is $547,013 (QV, October 2025)
- Over the last 3 months property prices in Southland have gone up 9.22%
- Southland property prices increased 6.39% per year (on average) in the 20 years between October 2005 - October 2025 (REINZ)
- The average rent in Southland is $425 per week (Tenancy Services, September 2025)
How are Southland property prices changing?
Southland house prices soared after the Covid-19 pandemic began. House prices started out 32% below the eventual peak of the market.
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Where is Southland in its property cycle?
At the absolute bottom of its property cycle, Southland was 22.47% undervalued.
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Southland suburb prices
I track the value of 13 suburbs in Southland. The most expensive suburb is Te Anau, which has an average house value of $737,200. While the most affordable suburb is Tuatapere, which has an average house value of $299,650.
Over the last 24 months of all Southland suburbs (October 2023 - October 2025, Halfmoon Bay had the fastest-growing house prices. They have gone up 13.90% over that period.
The suburb that fell the fastest over that period was Winton. Property values in this suburb fell by 0.38% over those 2 years.
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What is the Southland rental market like?
Here's how rents are changing in Southland. Over the last four years (September 2021 - September 2025) the median rent has gone up $140 a week. That's 10.51% a year (on average).
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Are properties selling above or below CV in Southland?
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 Southland property market here.