Property Market
5 min read
What's happening with Thames-Coromandel 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 Thames-Coromandel house prices?
The average price of a Thames-Coromandel property is $ (CoreLogic, February 2025).
Quick Facts
- The average price of a Thames-Coromandel property is $ (CoreLogic, May 2025)
- Over the last 3 months property prices in Thames-Coromandel have gone down 0.66%
- Thames-Coromandel property prices increased 4.86% per year (on average) in the 20 years between May 2005 - May 2025 (REINZ)
- The average rent in Thames-Coromandel is $550 per week (Tenancy Services, April 2025)
How are Thames-Coromandel property prices changing?
Thames-Coromandel house prices soared after the Covid-19 pandemic began. House prices started out 39% below the eventual peak of the market.
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Where is Thames-Coromandel in its property cycle?
At the absolute bottom of its property cycle, Thames-Coromandel was 18.50% undervalued.
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Thames-Coromandel suburb prices
I track the value of 16 suburbs in Thames-Coromandel. The most expensive suburb is Hahei, which has an average house value of $1,756,300. While the most affordable suburb is Thames, which has an average house value of $673,500.
Over the last 24 months of all Thames-Coromandel suburbs (February 2023 - February 2025, Coromandel had the slowest-falling house prices. They have gone down -1.47% over that period.
The suburb that fell the fastest over that period was Thornton Bay. Property values in this suburb fell by 9.87% over those 2 years.
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What is the Thames-Coromandel rental market like?
Here's how rents are changing in Thames-Coromandel. Over the last four years (April 2021 - April 2025) the median rent has gone up $130 a week. That's 6.97% a year (on average).
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Are properties selling above or below CV in Thames-Coromandel?
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 Waikato property market here.
- Hamilton City property market
- Hauraki District property market
- Matamata-Piako District property market
- Otorohanga District property market
- South Waikato District property market
- Taupo District property market
- Waikato District property market
- Waipa District property market
- Waitomo District property market