What's happening with Whangarei house prices?

Council area of Northland

Explore Whangarei'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 Mar 2025

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What's happening to Whangarei house prices?

The average price of a Whangarei property is $715,537 (CoreLogic, February 2025).

Quick Facts

The average price of a Whangarei property is $715,537 (CoreLogic, February 2025)
Over the last 3 months property prices in Whangarei have gone up 1.82%
Whangarei property prices increased 5.06% per year (on average) in the 20 years between February 2005 - February 2025 (REINZ)
The average rent in Whangarei is $580 per week (Tenancy Services, November 2024)

How are Whangarei property prices changing?

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

Where is Whangarei in its property cycle?

At the absolute bottom of its property cycle, Whangarei was 19.96% undervalued.

Whangarei suburb prices

I track the value of 26 suburbs in Whangarei. The most expensive suburb is Tamaterau, which has an average house value of $1,074,600. While the most affordable suburb is Raumanga, which has an average house value of $466,200.

Over the last 24 months of all Whangarei suburbs (February 2023 - February 2025, Whangarei Heads had the slowest-falling house prices. They have gone down -1.98% over that period.

The suburb that fell the fastest over that period was Ngunguru. Property values in this suburb fell by 13.36% over those 2 years.

What is the Whangarei rental market like?

Here's how rents are changing in Whangarei. Over the last four years (November 2020 - November 2024) the median rent has gone up $120 a week. That's 5.97% a year (on average).

Are properties selling above or below CV in Whangarei?

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 Whangarei property market?

Where do house prices go up the fastest in Whangarei?

Which suburbs in the Whangarei 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 Northland property market here.