What's happening with Hastings house prices?

Council area of Hawke's Bay

Explore Hastings'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 Apr 2025

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What's happening to Hastings house prices?

The average price of a Hastings property is $760,718 (CoreLogic, February 2025).

Quick Facts

The average price of a Hastings property is $760,718 (CoreLogic, March 2025)
Over the last 3 months property prices in Hastings have gone up 1.38%
Hastings property prices increased 5.07% per year (on average) in the 20 years between March 2005 - March 2025 (REINZ)
The average rent in Hastings is $600 per week (Tenancy Services, February 2025)

How are Hastings property prices changing?

Hastings house prices soared after the Covid-19 pandemic began. House prices started out 34% below the eventual peak of the market.

Where is Hastings in its property cycle?

At the absolute bottom of its property cycle, Hastings was 24.63% undervalued.

Hastings suburb prices

I track the value of 17 suburbs in Hastings. The most expensive suburb is Eskdale, which has an average house value of $1,169,800. While the most affordable suburb is Flaxmere, which has an average house value of $470,100.

Over the last 24 months of all Hastings suburbs (February 2023 - February 2025, Mayfair had the fastest-growing house prices. They have gone up 0.39% over that period.

The suburb that fell the fastest over that period was Clive. Property values in this suburb fell by 4.35% over those 2 years.

What is the Hastings rental market like?

Here's how rents are changing in Hastings. Over the last four years (February 2021 - February 2025) the median rent has gone up $110 a week. That's 5.19% a year (on average).

Are properties selling above or below CV in Hastings?

One of the most common questions I get asked is: “Ed, are properties selling above or below their Capital Value (CV)?”

Where do house prices grow the fastest in the Hastings property market?

Where do house prices go up the fastest in Hastings?

Which suburbs in the Hastings property market have the highest yields?

Gross yields vary widely depending on which suburb you chose to investigate.

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 Hawke's Bay property market here.