PROPERTY MARKETS

Christchurch

Living in Christchurch is like living in a new city every day. After years of demolition and rebuild we are beginning to see our new city emerging from the rubble. Christchurch has it all... without the traffic!

Christchurch has an adventure playground right on its doorstep – it is bordered by the Pacific Ocean, beautiful Banks Peninsula and the rich farmlands of the Canterbury Plains. The towering Southern Alps are less than 100 kilometres away and the resort towns of Queenstown, Wanaka and Milford Sound are all within easy reach.

Days to Sell

27

Median Price

$590,000

12 Mo Price Trend

+30.0%

12 Mo Rent Trend

+$17 p/w (3br)

Last updated: May 2021. Sources: Tenancy Services & REINZ.

Christchurch at a glance

Population 387,200 (2018 Census)
Forecast Population 423,800 (2028) and 449,100 (2038), source Statistics New Zealand
Tertiary Education University of Canterbury
Canterbury Tertiary College
New Zealand Tertiary College
Main Industries Agriculture, Dairy, Horticulture, Manufacturing; Retail sector, Construction
Ports and Rail Lyttelton Port of Christchurch
Kiwi Rail
Air International Airport
Public Transport Metro for bus services

About Christchurch

The sudden influx of investment in infrastructure, core projects and residential development after the 2011 Earthquake has resulted in a property market that is steadily improving as the city begins to come out of the rebuild. As of late 2019, Christchurch offers the population and jobs demographics of it's North Island main centre rivals at a lower price point.

Data from Christchurch City Council showed that at June 2018, the Christchurch median house sale price was $443,500. The national median was $560,000... a lag that will soon disappear!

The Christchurch market has been relatively flat since the post earthquake housing shortage in 2014. There's been steady sales, but the prices haven't shifted as much as other areas in the country. This provides a huge opportunity for investors to get into the property market while the going is slow. 

We've had repairs to tens of thousands of homes which has brought a lot of our older properties up to date in regards to insulation, heating and ventilation. There are plenty of choices of new builds in and around the CBD with some single bedroom unit title townhouses starting as low as the early $400,000s - unheard of in other main centres!

Christchurch also underwent land zoning changes making larger areas in the city fringe available for higher density development and there are still plenty of old houses on large sections in this catchment. Buying one to rent and hold in view to developing a few townhouses in several years time is not only affordable, but smart. This land will only increase in value as the years go by.

Studying at the University of Canterbury is more affordable when it comes to living costs. We're seeing the numbers boost in enrolments; not only recovering from the earthquake downturn, but beginning to surpass our 2010 numbers as our campus upgrades through years of planning and repair. 

How to Invest in Christchurch

iFindProperty is a licensed real estate agency and we cover all of the Christchurch region. We believe we are the best in the business at helping others buy, or sell, Christchurch Investment Properties.

  • Premium Buyers Service: For serious buyers only. Engage an iFindProperty expert to secure you a great investment that meets your criteria. Limited spaces available.
  • Property Listings: We advertise Christchurch listings for sale by email. Join our mailing list for free.
For Vendors

iFindProperty runs a full-service property sales operation. Work with an agent who understands property investment and how to market your property to other investors, in a way that doesn't upset your tenants!

Please contact Chris below or enquire through our website.

The Christchurch Team

Chris McKernan

Licensed Salesperson
REAA 2008

Vanessa McKenzie

Buyer's Assistant

"Chris from iFindProperty Christchurch has been a pleasure to deal with, he was very prompt with looking for suitable houses which meet our brief. He is a great communicator throughout the whole process from putting offers forward, going conditional, unconditional and finally settlement. Very happy to recommend his services."

- Jeremy Lawson
"iFindProperty helped us to find a cashflow-positive, multi income investment property in a fantastic suburb of Christchurch. We would never have been privy to this deal without them. Would definitely highly recommend!"
- Heike Lulay
"Without the help of iFindProperty, it would have been an impossible task to get into the Christchurch market. Their number crunching and area knowledge was the key to finding the right property for the right price. Thanks to the iFindProperty team, I am now the proud owner of an investment property."
- Jonathan Buchan

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