Property Market
5 min read
What's happening with Mackenzie house prices?
Council area of Canterbury
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.
What's happening to Mackenzie house prices?
The average price of a Mackenzie property is $795,097 (CoreLogic, February 2025).
Loading...
Quick Facts
- The average price of a Mackenzie property is $795,097 (CoreLogic, February 2025)
- Over the last 3 months property prices in Mackenzie have gone down 2.99%
- Mackenzie property prices increased 7.19% per year (on average) in the 20 years between February 2005 - February 2025 (REINZ)
- The average rent in Mackenzie is $290 per week (Tenancy Services, November 2024)
How are Mackenzie property prices changing?
Mackenzie house prices soared after the Covid-19 pandemic began. House prices started out 31% below the eventual peak of the market.
Where is Mackenzie in its property cycle?
At the absolute bottom of its property cycle, Mackenzie was 42.40% undervalued.
Mackenzie suburb prices
I track the value of 2 suburbs in Mackenzie. The most expensive suburb is Twizel, which has an average house value of $723,400. While the most affordable suburb is Twizel, which has an average house value of $723,400.
Over the last 24 months of all Mackenzie suburbs (February 2023 - February 2025, Twizel had the fastest-growing house prices. They have gone up 1.94% over that period.
The suburb that grew the slowest over that period was Twizel. Property values in this suburb grew by 1.94% over those 2 years.
Loading...
What is the Mackenzie rental market like?
Here's how rents are changing in Mackenzie. Over the last four years (November 2020 - November 2024) the median rent has gone up $90 a week. That's 9.73% a year (on average).
Are properties selling above or below CV in Mackenzie?
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 Canterbury property market here.