Feature article

The 20 most affordable suburbs of 2026

New Zealand’s cheapest postcodes.

AI summary

For Kiwis looking to enter the property market, this report reveals New Zealand's most affordable suburbs. Taumarunui is the cheapest, with an average price of $349,950, significantly below the national average.

The Manawatū/Whanganui region is a hotspot for affordability, claiming eight of the top 20 spots. Encouragingly for buyers, 15 suburbs have an average price under $500,000. The list includes locations across the country, from Auckland City Centre to Saint Kilda in Dunedin.

The 20 most affordable suburbs in New Zealand for Jan-Mar 2026
Suburb	Property Price Index
1. Taumarunui, Ruapehu	1. Taumarunui, Ruapehu	$349,950	$349,950
2. Westport, Buller	2. Westport, Buller	$399,450	$399,450
3. Castlecliff, Whanganui	3. Castlecliff, Whanganui	$411,900	$411,900
4. Te Kūiti, Waitomo	4. Te Kūiti, Waitomo	$413,900	$413,900
5. Strathern, Invercargill	5. Strathern, Invercargill	$429,250	$429,250
6. City Centre, Auckland City	6. City Centre, Auckland City	$433,250	$433,250
7. Dannevirke, Tararua	7. Dannevirke, Tararua	$446,300	$446,300
8. Pahiatua, Tararua	8. Pahiatua, Tararua	$446,35	$446,35
9. Tokoroa, South Waikato	9. Tokoroa, South Waikato	$452,150	$452,150
10. Kawerau, Kawerau	10. Kawerau, Kawerau	$452,650	$452,650
11. Flaxmere, Hastings	11. Flaxmere, Hastings	$458,950	$458,950
12. Marton, Rangitikei	12. Marton, Rangitikei	$472,200	$472,200
13. Balclutha, Clutha	13. Balclutha, Clutha	$475,150	$475,150
14. Whanganui East, Whanganui	14. Whanganui East, Whanganui	$485,600	$485,600
15. Tūrangi, Taupō	15. Tūrangi, Taupō	$497,050	$497,050
16. Waimate, Waimate	16. Waimate, Waimate	$500,650	$500,650
17. Roslyn, Palmerston North	17. Roslyn, Palmerston North	$507,400	$507,400
18. Gonville, Whanganui	18. Gonville, Whanganui	$509,500	$509,500
19. Linwood, Christchurch City	19. Linwood, Christchurch City	$512,550	$512,550
20. Saint Kilda, Dunedin	20. Saint Kilda, Dunedin	$512,600	$512,600