{"id":1726,"date":"2021-11-12T14:16:52","date_gmt":"2021-11-12T14:16:52","guid":{"rendered":"https:\/\/www.webuyproperty.co.nz\/?p=1726"},"modified":"2026-09-22T11:00:08","modified_gmt":"2026-09-22T11:00:08","slug":"christchurch-housing-market-growth-in-home-prices","status":"publish","type":"post","link":"https:\/\/dailybasisnews.com\/designs\/we-buy\/christchurch-housing-market-growth-in-home-prices\/","title":{"rendered":"Christchurch Housing Market\u00a0Reports Quarterly Growth in Average\u00a0Home Prices"},"content":{"rendered":"<p>New Zealand\u2019s average home property values have jumped by 5% to $1021 million in the past three months. The slow, but steady growth rate accounts for an increment of $45,000 in the average housing property value; and, thus is a bearer of good tidings in a <strong>Christchurch housing market<\/strong>\u00a0deprived by the lockdowns and new governmental LVR policies for banks.<\/p>\n<h1>How is the <strong>Christchurch housing market<\/strong> contributing to average NZ home value growth?<\/h1>\n<p>Marlborough exhibited the sharpest decline in the last couple of quarters (from 8.8% to 1.2%); growth in Southland also dropped from 4.2 to 3.6%. But, Otago, Canterbury, Nelson, Auckland, and Northland have all registered, at the very least, a percentage of growth between the last two quarters. At a time when growth has slowed in 11 out of 16 of NZ\u2019s regions, Auckland is still going strong.<\/p>\n<p>Christchurch\u2019s October average house prices are at $1.451m, which is $74,000\u00a0more than the previous quarter. Christchurch\u2019s growth has helped bolster the whole Wellington region\u2019s average housing price around the $1 million mark. Things are also looking up for the Bay of Plenty, Tasman, and Waikato as they are on the brink of joining the \u2018$1 million club\u2019 with average housing prices at $987,000, $942,000, and $914,000, respectively.<\/p>\n<p>But <strong>Christchurch housing market updates <\/strong>suggest that prices here have steadily climbed in the last two years. So much so, that some first-time buyers are finding it difficult to catch up to the momentum of the market. Even that challenge might be a thing of the past, as explained below.<\/p>\n<p>The <strong>Christchurch housing market<\/strong>\u00a0average property value is the lowest of all the seven centers. Its jump to 8.8% of growth takes its property value average to $718,000. Tauranga has seen s growth of 6.5% to $1.138m; Queenstown Lakes\u2019 average house prices are up by 6.4% to $1.624m; and, Hamilton reports a 4.7% increase to $866,000. Wellington itself is up by 3.6% to $1.231m.<\/p>\n<h1>New zoning reforms to further boost <strong>Christchurch housing market<\/strong>\u00a0housing crisis<\/h1>\n<p>Notably, this increment is still lesser than the 6.1% increase that was documented in the previous three-month period, according to statistical reports by leading realty market analytics agencies. However, given the slowdown in buyer activities in these months, <a href=\"https:\/\/dailybasisnews.com\/designs\/we-buy\/christchurch-housing-market-key-updates-you-should-know-about\/\"><strong>Christchurch housing market predictions <\/strong><\/a>are<strong>\u00a0<\/strong>indicative of positive factors for a post-pandemic lockdown market; such as multi-housing prospects on the same lot\/unit are being discussed as a means to ease burdens. This should also greatly multiply the number of listings usually available in the market.<\/p>\n<p>This would definitely cut the average housing price by a large margin by creating more home options in quality locations. \u00a0The government is further striving to mitigate the single-family zoning policy in NZ\u2019s five biggest metros. Cities such as Christchurch, Wellington, and Auckland are soon going to permit owners to build up to three housing units, to a maximum height of three stories. This should help curb the problems with affordable housing. The legislation has been enough to inspire housing advocates in British Columbia.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Zealand\u2019s average home property values have jumped by 5% to $1021 million in the past three months. The slow, but steady growth rate accounts for an increment of $45,000 in the average housing property value; and, thus is a bearer of good tidings in a Christchurch housing market deprived by the lockdowns and new governmental LVR policies for&#8230;<\/p>\n","protected":false},"author":5,"featured_media":3460,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[17],"tags":[62,77,64,65,67,78,79],"class_list":["post-1726","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-christchurch-real-estate","tag-christchurch-housing-market","tag-christchurch-housing-market-2021","tag-christchurch-housing-market-forecast","tag-christchurch-housing-market-news","tag-christchurch-housing-market-updates","tag-christchurch-real-estate","tag-christchurch-real-estate-updates"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - 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