What's happening with Marlborough house prices?

Council area of Marlborough

Explore Marlborough'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 Marlborough house prices?

The average price of a Marlborough property is $695,233 (CoreLogic, February 2025).

Quick Facts

The average price of a Marlborough property is $695,233 (CoreLogic, March 2025)
Over the last 3 months property prices in Marlborough have gone up 2.43%
Marlborough property prices increased 4.89% per year (on average) in the 20 years between March 2005 - March 2025 (REINZ)
The average rent in Marlborough is $593 per week (Tenancy Services, February 2025)

How are Marlborough property prices changing?

Marlborough house prices soared after the Covid-19 pandemic began. House prices started out 31% below the eventual peak of the market.

Where is Marlborough in its property cycle?

At the absolute bottom of its property cycle, Marlborough was 19.68% undervalued.

Marlborough suburb prices

I track the value of 20 suburbs in Marlborough. The most expensive suburb is Rarangi, which has an average house value of $991,700. While the most affordable suburb is Riversdale, which has an average house value of $545,100.

Over the last 24 months of all Marlborough suburbs (February 2023 - February 2025, Rarangi had the fastest-growing house prices. They have gone up 6.74% over that period.

The suburb that fell the fastest over that period was Witherlea. Property values in this suburb fell by 6.42% over those 2 years.

What is the Marlborough rental market like?

Here's how rents are changing in Marlborough. Over the last four years (February 2021 - February 2025) the median rent has gone up $143 a week. That's 7.14% a year (on average).

Are properties selling above or below CV in Marlborough?

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 Marlborough property market?

Where do house prices go up the fastest in Marlborough?

Which suburbs in the Marlborough 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 Marlborough property market here.