Property Market
5 min read
What's happening with Buller house prices?
Council area of West Coast
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 Buller house prices?
The average price of a Buller property is $360,059 (QV, January 2026).
Buller house prices are up 6.40% over the last three months (REINZ). And they are 14.32% up over the last 12 months.
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Quick Facts
- The average price of a Buller property is $360,059 (QV, January 2025)
- Over the last 3 months property prices in Buller have gone up 6.40%
- Buller property prices increased 4.18% per year (on average) in the 20 years between December 2005 - December 2025 (REINZ)
- The average rent in Buller is $420 per week (Tenancy Services, November 2025)
How are Buller property prices changing?
Buller house prices soared after the Covid-19 pandemic began. House prices started out 49% below the eventual peak of the market.
However, after that peak in December 2022, house prices fell 22.52% before bottoming out in January 2024.
Today, Buller house prices are down 10.70% compared to their peak. That means prices have risen 21.98% since the bottom of the market.
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Where is Buller in its property cycle?
At the absolute bottom of its property cycle, Buller was 31.70% undervalued.
Today, property prices in Buller are undervalued 1.90%.
That suggests there is neither a buying or selling opportunity in Buller.
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Buller suburb prices
I track the value of 4 suburbs in Buller. The most expensive suburb is Carters Beach, which has an average house value of $476,450. While the most affordable suburb is Westport, which has an average house value of $348,950.
Over the last 24 months of all Buller suburbs (January 2024 - January 2026, Carters Beach had the fastest-growing house prices. They have gone up 8.15% over that period.
The suburb that grew the slowest over that period was Reefton. Property values in this suburb grew by 6.30% over those 2 years.
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What is the Buller rental market like?
Here's how rents are changing in Buller. Over the last four years (November 2021 - November 2025) the median rent has gone up $147 a week. That's 11.37% a year (on average).
Over the last 12 months, rents have gone up. They are up 0.00% ($ a week) year on year.
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Are properties selling above or below CV in Buller?
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 West Coast.
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 West Coast property market here.
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.