Buying guide

Christchurch house prices: 2024 market & suburbs to watch

Considering buying a property in Christchurch? Here’s everything you need to know about the market before you do

Ben Tutty
Last updated: 2 April 2024 | 5 min read
AI

AI summary

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.

Christchurch house prices by the numbers

Christchurch property prices in 2024

Annual average property value change January 2024

Christchurchy city centre

Average house prices: Christchurch suburbs

Top 5 Christchurch suburbs - Value increases Feb 23 to Feb 24

Top 5 Christchurch suburbs - Value increases 20 year average

Christchurch is a great place to invest in property.

Buying property in Christchurch?

Author

Ben Tutty Ben Tutty
Content Writer