What's happening with Tasman house prices?

Council area of Tasman

Explore Tasman'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 Tasman house prices?

The average price of a Tasman property is $815,096 (CoreLogic, February 2025).

Quick Facts

The average price of a Tasman property is $815,096 (CoreLogic, February 2025)
Over the last 3 months property prices in Tasman have gone up 2.18%
Tasman property prices increased 4.88% per year (on average) in the 20 years between February 2005 - February 2025 (REINZ)
The average rent in Tasman is $580 per week (Tenancy Services, November 2024)

How are Tasman property prices changing?

Tasman house prices soared after the Covid-19 pandemic began. House prices started out 26% below the eventual peak of the market.

Where is Tasman in its property cycle?

At the absolute bottom of its property cycle, Tasman was 13.19% undervalued.

Tasman suburb prices

I track the value of 16 suburbs in Tasman. The most expensive suburb is Redwood Valley, which has an average house value of $1,236,800. While the most affordable suburb is Takaka, which has an average house value of $659,250.

Over the last 24 months of all Tasman suburbs (February 2023 - February 2025, Takaka had the fastest-growing house prices. They have gone up 7.19% over that period.

The suburb that fell the fastest over that period was Hope. Property values in this suburb fell by 8.11% over those 2 years.

What is the Tasman rental market like?

Here's how rents are changing in Tasman. Over the last four years (November 2020 - November 2024) the median rent has gone up $110 a week. That's 5.40% a year (on average).

Are properties selling above or below CV in Tasman?

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 Tasman property market here.