What's happening with Matamata-Piako house prices?

Council area of Waikato

Explore Matamata-Piako'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: 3 Feb 2025

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What's happening to Matamata-Piako house prices?

The average price of a Matamata-Piako property is $695,373 (CoreLogic, June 2024).

Quick Facts

The average price of a Matamata-Piako property is $695,373 (CoreLogic, December 2024)
Over the last 3 months property prices in Matamata-Piako have gone down 5.58%
Matamata-Piako property prices increased 6.49% per year (on average) in the 20 years between December 2004 - December 2024 (REINZ)
The average rent in Matamata-Piako is $550 per week (Tenancy Services, November 2024)

How are Matamata-Piako property prices changing?

Matamata-Piako house prices soared after the Covid-19 pandemic began. House prices started out 35% below the eventual peak of the market.

Where is Matamata-Piako in its property cycle?

At the absolute bottom of its property cycle, Matamata-Piako was 20.13% undervalued.

Matamata-Piako suburb prices

I track the value of 3 suburbs in Matamata-Piako. The most expensive suburb is Morrinsville, which has an average house value of $716,550. While the most affordable suburb is Te Aroha, which has an average house value of $639,500.

Over the last 24 months of all Matamata-Piako suburbs (June 2022 - June 2024, Te Aroha had the slowest-falling house prices. They have gone down -5.15% over that period.

The suburb that fell the fastest over that period was Matamata. Property values in this suburb fell by 7.76% over those 2 years.

What is the Matamata-Piako rental market like?

Here's how rents are changing in Matamata-Piako. Over the last four years (November 2020 - November 2024) the median rent has gone up $130 a week. That's 6.97% a year (on average).

Are properties selling above or below CV in Matamata-Piako?

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 Waikato property market here.