Property Market
5 min read
What's happening with Westland 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 Westland house prices?
The average price of a Westland property is $492,163 (QV, January 2026).
Westland house prices are up 3.84% over the last three months (REINZ). And they are 19.35% up over the last 12 months.
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Quick Facts
- The average price of a Westland property is $492,163 (QV, January 2025)
- Over the last 3 months property prices in Westland have gone up 3.84%
- Westland property prices increased 6.82% per year (on average) in the 20 years between December 2005 - December 2025 (REINZ)
- The average rent in Westland is $323 per week (Tenancy Services, November 2025)
How are Westland property prices changing?
Westland house prices soared after the Covid-19 pandemic began. House prices started out 45% below the eventual peak of the market.
However, after that peak in February 2023, house prices fell 16.30% before bottoming out in August 2023.
Today, Westland house prices are up 0.00% compared to their peak. That means prices have risen 40.10% since the bottom of the market.
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Where is Westland in its property cycle?
At the absolute bottom of its property cycle, Westland was 26.82% undervalued.
Today, property prices in Westland are overvalued 13.79%.
That suggests there is a selling opportunity in Westland.
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Westland suburb prices
I track the value of 2 suburbs in Westland. The most expensive suburb is Kaniere, which has an average house value of $558,600. While the most affordable suburb is Hokitika, which has an average house value of $471,750.
Over the last 24 months of all Westland suburbs (January 2024 - January 2026, Kaniere had the fastest-growing house prices. They have gone up 18.66% over that period.
The suburb that grew the slowest over that period was Hokitika. Property values in this suburb grew by 15.27% over those 2 years.
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What is the Westland rental market like?
Here's how rents are changing in Westland. Over the last four years (November 2021 - November 2025) the median rent has gone up $123 a week. That's 12.73% a year (on average).
Over the last 12 months, rents have gone down. They are down 7.71% ($27 a week) year on year.
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Are properties selling above or below CV in Westland?
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.