Feature article

Canterbury property market update: Garden City resilience shines

Record highs, steady growth, and a region hitting its stride.

Hannah Hilliam
Last updated: 29 April 2026 | 3 min read
AI

AI summary

The Canterbury property market is demonstrating steady, sustainable growth, outperforming Auckland and Wellington. The average asking price has reached $757,000, a 2.4% year-on-year increase, presenting value for first-home buyers and investors alike.

A high volume of new listings provides choice for buyers, with notable interest in Halswell, St Albans, and Rolleston. Sellers are seeing strong demand, especially for "as is where is" properties, indicating a healthy appetite for renovation projects in the region.

Canterbury pricing trends
ValueMoM%YoY%
Average Asking PriceAverage Asking Price$757,000$757,0001.20%1.20%2.40%2.40%
Average Weekly RentAverage Weekly Rent$588$588-0.10%-0.10%-0.30%-0.30%

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Author

Hannah Hilliam Hannah Hilliam
Content Writer