What's happening with South Taranaki house prices?

Council area of Taranaki

Explore South Taranaki'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 South Taranaki house prices?

The average price of a South Taranaki property is $417,971 (CoreLogic, February 2025).

Quick Facts

The average price of a South Taranaki property is $417,971 (CoreLogic, March 2025)
Over the last 3 months property prices in South Taranaki have gone up 5.48%
South Taranaki property prices increased 5.65% per year (on average) in the 20 years between March 2005 - March 2025 (REINZ)
The average rent in South Taranaki is $555 per week (Tenancy Services, February 2025)

How are South Taranaki property prices changing?

South Taranaki house prices soared after the Covid-19 pandemic began. House prices started out 39% below the eventual peak of the market.

Where is South Taranaki in its property cycle?

At the absolute bottom of its property cycle, South Taranaki was 28.64% undervalued.

South Taranaki suburb prices

I track the value of 7 suburbs in South Taranaki. The most expensive suburb is Hawera, which has an average house value of $494,600. While the most affordable suburb is Patea, which has an average house value of $280,150.

Over the last 24 months of all South Taranaki suburbs (February 2023 - February 2025, Opunake had the slowest-falling house prices. They have gone down -2.08% over that period.

The suburb that fell the fastest over that period was Manaia. Property values in this suburb fell by 13.01% over those 2 years.

What is the South Taranaki rental market like?

Here's how rents are changing in South Taranaki. Over the last four years (February 2021 - February 2025) the median rent has gone up $195 a week. That's 11.43% a year (on average).

Are properties selling above or below CV in South Taranaki?

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 Taranaki property market here.