What's happening with South Waikato house prices?

Council area of Waikato

Explore South Waikato'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 South Waikato house prices?

The average price of a South Waikato property is $449,627 (CoreLogic, February 2025).

Quick Facts

The average price of a South Waikato property is $449,627 (CoreLogic, February 2025)
Over the last 3 months property prices in South Waikato have gone down 7.16%
South Waikato property prices increased 8.11% per year (on average) in the 20 years between February 2005 - February 2025 (REINZ)
The average rent in South Waikato is $455 per week (Tenancy Services, November 2024)

How are South Waikato property prices changing?

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

Where is South Waikato in its property cycle?

At the absolute bottom of its property cycle, South Waikato was 34.12% undervalued.

South Waikato suburb prices

I track the value of 4 suburbs in South Waikato. The most expensive suburb is Tirau, which has an average house value of $603,200. While the most affordable suburb is Tokoroa, which has an average house value of $405,000.

Over the last 24 months of all South Waikato suburbs (February 2023 - February 2025, Arapuni had the slowest-falling house prices. They have gone down -0.62% over that period.

The suburb that fell the fastest over that period was Tirau. Property values in this suburb fell by 6.28% over those 2 years.

What is the South Waikato rental market like?

Here's how rents are changing in South Waikato. Over the last four years (November 2020 - November 2024) the median rent has gone up $135 a week. That's 9.20% a year (on average).

Are properties selling above or below CV in South Waikato?

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.