Market Statistics

If you're considering investing in Christchurch, then you've probably already seen that Canterbury house prices have been relatively flat over the last 6 to 7 years. In fact, house prices in the city have levelled off since December 2013.

At that time, the Canterbury median house price was $400,000. By May 2020 that had only grown to $460,000.

While that $60,000 gain is nothing to be sniffed at, it represents only a 2.17% compounding gain every year. That's incredibly low, especially during a time where house prices lept forward elsewhere around the country.

If you're at the stage where you are considering an investment then you might question: “are Christchurch house prices going to continue to be flat in the foreseeable future?”

Christchurch Property Market | Suburb Prices | Opes

That's the stage where you to look at a graph like the below which compares the Canterbury median house price with the New Zealand median house price. This helps to give a sense of where Canterbury house prices sit relative to the rest of New Zealand.

Over the last 27 years Canterbury's median house price has been 88.06% of the New Zealand median.

That means is that if the New Zealand median house price was $100,000, we'd expect the Canterbury median house price to be $88,060.

      Hamilton Property Market

 

 

     Wellington Property Market

 

 

Over the last 27 years Canterbury's median house price has been 88.06% of the New Zealand median.

That means is that if the New Zealand median house price was $100,000, we'd expect the Canterbury median house price to be $88,060.