What's happening with Buller house prices?

Council area of West Coast

Explore Buller'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 Buller house prices?

The average price of a Buller property is $347,888 (CoreLogic, February 2025).

Quick Facts

The average price of a Buller property is $347,888 (CoreLogic, February 2025)
Over the last 3 months property prices in Buller have gone down 4.09%
Buller property prices increased 5.26% per year (on average) in the 20 years between February 2005 - February 2025 (REINZ)
The average rent in Buller is $420 per week (Tenancy Services, November 2024)

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.

Where is Buller in its property cycle?

At the absolute bottom of its property cycle, Buller was 31.73% undervalued.

Buller suburb prices

I track the value of 4 suburbs in Buller. The most expensive suburb is Reefton, which has an average house value of $372,850. While the most affordable suburb is Westport, which has an average house value of $353,550.

Over the last 24 months of all Buller suburbs (February 2023 - February 2025, Westport had the fastest-growing house prices. They have gone up 10.94% over that period.

The suburb that grew the slowest over that period was Reefton. Property values in this suburb grew by 8.03% over those 2 years.

What is the Buller rental market like?

Here's how rents are changing in Buller. Over the last four years (November 2020 - November 2024) the median rent has gone up $137 a week. That's 10.37% a year (on average).

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)?”

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.