Report Dashboard Supply Demand Valuation Risk Auckland Christchurch
OCR: 3.25% ▼
KEY METRICS
MEDIAN HOUSE PRICE
NZ$697,000
+4.03% YoY
NEAR PEAK
-$4,000
Only $4K below peak
GROSS YIELD
4.8% avg
5–6% in suburbs
DISCOUNT VS AUCKLAND
31%
Value opportunity
POST-QUAKE REBUILD
Complete
Modern housing stock
POPULATION
Steady growth
Migration inflows
SUMMARY

Post-Earthquake Recovery Complete

Christchurch has emerged from the 2011 earthquake rebuild as New Zealand's strongest major market. The median price of NZ$697,000 sits just $4,000 below its 2022 peak — the best recovery of any NZ city. Affordability relative to Auckland (31% discount) combined with high yields in suburbs like Riccarton and Addington (5–6%) make it the standout value play. The modern rebuilt housing stock, steady population growth through domestic and international migration, and a diversified economy anchored by agriculture, technology, and education underpin sustained demand.

THREE ZONES

Riccarton / Addington

High yield

Student and young professional hub near University of Canterbury. Yields of 5–6% attract investors.

Halswell / Rolleston

Family suburbs

New development areas with modern homes. Popular with families seeking space and value.

Fendalton / Merivale

Premium

Christchurch's prestige suburbs. Established character homes with lower yields but strong capital growth.

CHARTS

Christchurch Median House Price

NZ$ · 2019–Jun 2025

Christchurch Suburb Price & Yield

Median Price · Gross Yield %