Christchurch house prices: 2024 market & suburbs to watch

The Christchurch property market is the most affordable of NZ's five largest cities and has performed strongly, with a 1.6% value increase in the year to February 2024.

Prices vary significantly by suburb, from Fendalton ($1.66m) to Philipstown ($447,400). Cheaper areas like Islington have seen recent growth, while affluent suburbs like Strowan show strong long-term value increases.

Due to its lower prices and higher yields, Christchurch is an ideal market for beginner investors.