Property Market
5 min read
What's happening with Waipa 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 Waipa house prices?
The average price of a Waipa property is $876,167 (QV, January 2026).
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Quick Facts
- The average price of a Waipa property is $876,167 (QV, January 2025)
- Over the last 3 months property prices in Waipa have gone up 0.58%
- Waipa property prices increased 5.28% per year (on average) in the 20 years between December 2005 - December 2025 (REINZ)
- The average rent in Waipa is $640 per week (Tenancy Services, November 2025)
How are Waipa property prices changing?
Waipa house prices soared after the Covid-19 pandemic began. House prices started out 30% below the eventual peak of the market.
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Where is Waipa in its property cycle?
At the absolute bottom of its property cycle, Waipa was 17.44% undervalued.
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Waipa suburb prices
I track the value of 6 suburbs in Waipa. The most expensive suburb is Cambridge, which has an average house value of $1,082,950. While the most affordable suburb is Kihikihi, which has an average house value of $691,050.
Over the last 24 months of all Waipa suburbs (January 2024 - January 2026, Kihikihi had the fastest-growing house prices. They have gone up 3.10% over that period.
The suburb that fell the fastest over that period was Pirongia. Property values in this suburb fell by 1.86% over those 2 years.
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What is the Waipa rental market like?
Here's how rents are changing in Waipa. Over the last four years (November 2021 - November 2025) the median rent has gone up $90 a week. That's 3.86% a year (on average).
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Are properties selling above or below CV in Waipa?
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
- Thames-Coromandel District property market
- Waikato 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.
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