Property Market
5 min read
What's happening with Hauraki house prices?
Council area of Waikato
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 Hauraki house prices?
The average price of a Hauraki property is $661,074 (QV, January 2026).
Hauraki house prices are up 2.28% over the last three months (REINZ). And they are 0.94% down over the last 12 months.
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Quick Facts
- The average price of a Hauraki property is $661,074 (QV, January 2026)
- Over the last 3 months property prices in Hauraki have gone up 2.28%
- Hauraki property prices increased 4.85% per year (on average) in the 20 years between February 2006 - February 2026 (REINZ)
- The average rent in Hauraki is $540 per week (Tenancy Services, January 2026)
How are Hauraki property prices changing?
Hauraki house prices soared after the Covid-19 pandemic began. House prices started out 37% below the eventual peak of the market.
However, after that peak in August 2022, house prices fell 19.78% before bottoming out in December 2022.
Today, Hauraki house prices are down 12.54% compared to their peak. That means prices have risen 9.03% since the bottom of the market.
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Where is Hauraki in its property cycle?
At the absolute bottom of its property cycle, Hauraki was 21.81% undervalued.
Today, property prices in Hauraki are overvalued 15.77%.
That suggests there is a selling opportunity in Hauraki.
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Hauraki suburb prices
I track the value of 7 suburbs in Hauraki. The most expensive suburb is Ngatea, which has an average house value of $701,050. While the most affordable suburb is Paeroa, which has an average house value of $553,100.
Over the last 24 months of all Hauraki suburbs (January 2024 - January 2026, Waihi had the fastest-growing house prices. They have gone up 2.00% over that period.
The suburb that grew the slowest over that period was Paeroa. Property values in this suburb grew by 0.17% over those 2 years.
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What is the Hauraki rental market like?
Here's how rents are changing in Hauraki. Over the last four years (January 2022 - January 2026) the median rent has gone up $90 a week. That's 4.66% a year (on average).
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Are properties selling above or below CV in Hauraki?
One of the most common questions I get asked is: 'Ed, are properties selling above or below their Capital Value (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. So even if the seller hasn't advertised a price, you can get a feel for what the property might sell for.
This table shows whether the average property is selling above or below CV across Waikato.
The area in Waikato selling the highest vs CV is Thames-Coromandel District where house prices are current selling 6% above CV.
The area in Waikato selling the lowest vs CV is Taupo District where house prices are selling 9% below 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 Waikato property market here.
- Hamilton City property market
- Matamata-Piako District property market
- Otorohanga District property market
- South Waikato District property market
- Taupo District property market
- Thames-Coromandel District property market
- Waikato District property market
- Waipa District property market
- Waitomo District property market
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.