What's happening with Porirua house prices?

Council area of Wellington

Explore Porirua'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 Porirua house prices?

The average price of a Porirua property is $824,480 (CoreLogic, February 2025).

Quick Facts

The average price of a Porirua property is $824,480 (CoreLogic, February 2025)
Over the last 3 months property prices in Porirua have gone down 3.67%
Porirua property prices increased 4.96% per year (on average) in the 20 years between February 2005 - February 2025 (REINZ)
The average rent in Porirua is $653 per week (Tenancy Services, November 2024)

How are Porirua property prices changing?

Porirua house prices soared after the Covid-19 pandemic began. House prices started out 30% below the eventual peak of the market.

Where is Porirua in its property cycle?

At the absolute bottom of its property cycle, Porirua was 18.31% undervalued.

Porirua suburb prices

I track the value of 14 suburbs in Porirua. The most expensive suburb is Aotea, which has an average house value of $1,166,650. While the most affordable suburb is Waitangirua, which has an average house value of $587,400.

Over the last 24 months of all Porirua suburbs (February 2023 - February 2025, Ascot Park had the fastest-growing house prices. They have gone up 2.19% over that period.

The suburb that fell the fastest over that period was Paremata. Property values in this suburb fell by 3.13% over those 2 years.

What is the Porirua rental market like?

Here's how rents are changing in Porirua. Over the last four years (November 2020 - November 2024) the median rent has gone up $73 a week. That's 3.01% a year (on average).

Are properties selling above or below CV in Porirua?

One of the most common questions I get asked is: “Ed, are properties selling above or below their Capital Value (CV)?”

Where do house prices grow the fastest in the Porirua property market?

Where do house prices go up the fastest in Porirua?

Which suburbs in the Porirua property market have the highest yields?

Gross yields vary widely depending on which suburb you chose to investigate.

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 Wellington property market here.