NZ Herald
  • Home
  • Latest news
  • Herald NOW
  • Video
  • New Zealand
  • Sport
  • World
  • Business
  • Entertainment
  • Podcasts
  • Quizzes
  • Opinion
  • Lifestyle
  • Travel
  • Viva
  • Weather

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • New Zealand
    • All New Zealand
    • Crime
    • Politics
    • Education
    • Open Justice
    • Scam Update
  • Herald NOW
  • On The Up
  • World
    • All World
    • Australia
    • Asia
    • UK
    • United States
    • Middle East
    • Europe
    • Pacific
  • Business
    • All Business
    • MarketsSharesCurrencyCommoditiesStock TakesCrypto
    • Markets with Madison
    • Media Insider
    • Business analysis
    • Personal financeKiwiSaverInterest ratesTaxInvestment
    • EconomyInflationGDPOfficial cash rateEmployment
    • Small business
    • Business reportsMood of the BoardroomProject AucklandSustainable business and financeCapital markets reportAgribusiness reportInfrastructure reportDynamic business
    • Deloitte Top 200 Awards
    • CompaniesAged CareAgribusinessAirlinesBanking and financeConstructionEnergyFreight and logisticsHealthcareManufacturingMedia and MarketingRetailTelecommunicationsTourism
  • Opinion
    • All Opinion
    • Analysis
    • Editorials
    • Business analysis
    • Premium opinion
    • Letters to the editor
  • Politics
  • Sport
    • All Sport
    • OlympicsParalympics
    • RugbySuper RugbyNPCAll BlacksBlack FernsRugby sevensSchool rugby
    • CricketBlack CapsWhite Ferns
    • Racing
    • NetballSilver Ferns
    • LeagueWarriorsNRL
    • FootballWellington PhoenixAuckland FCAll WhitesFootball FernsEnglish Premier League
    • GolfNZ Open
    • MotorsportFormula 1
    • Boxing
    • UFC
    • BasketballNBABreakersTall BlacksTall Ferns
    • Tennis
    • Cycling
    • Athletics
    • SailingAmerica's CupSailGP
    • Rowing
  • Lifestyle
    • All Lifestyle
    • Viva - Food, fashion & beauty
    • Society Insider
    • Royals
    • Sex & relationships
    • Food & drinkRecipesRecipe collectionsRestaurant reviewsRestaurant bookings
    • Health & wellbeing
    • Fashion & beauty
    • Pets & animals
    • The Selection - Shop the trendsShop fashionShop beautyShop entertainmentShop giftsShop home & living
    • Milford's Investing Place
  • Entertainment
    • All Entertainment
    • TV
    • MoviesMovie reviews
    • MusicMusic reviews
    • BooksBook reviews
    • Culture
    • ReviewsBook reviewsMovie reviewsMusic reviewsRestaurant reviews
  • Travel
    • All Travel
    • News
    • New ZealandNorthlandAucklandWellingtonCanterburyOtago / QueenstownNelson-TasmanBest NZ beaches
    • International travelAustraliaPacific IslandsEuropeUKUSAAfricaAsia
    • Rail holidays
    • Cruise holidays
    • Ski holidays
    • Luxury travel
    • Adventure travel
  • Kāhu Māori news
  • Environment
    • All Environment
    • Our Green Future
  • Talanoa Pacific news
  • Property
    • All Property
    • Property Insider
    • Interest rates tracker
    • Residential property listings
    • Commercial property listings
  • Health
  • Technology
    • All Technology
    • AI
    • Social media
  • Rural
    • All Rural
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology
    • Opinion
    • Audio & podcasts
  • Weather forecasts
    • All Weather forecasts
    • Kaitaia
    • Whangārei
    • Dargaville
    • Auckland
    • Thames
    • Tauranga
    • Hamilton
    • Whakatāne
    • Rotorua
    • Tokoroa
    • Te Kuiti
    • Taumaranui
    • Taupō
    • Gisborne
    • New Plymouth
    • Napier
    • Hastings
    • Dannevirke
    • Whanganui
    • Palmerston North
    • Levin
    • Paraparaumu
    • Masterton
    • Wellington
    • Motueka
    • Nelson
    • Blenheim
    • Westport
    • Reefton
    • Kaikōura
    • Greymouth
    • Hokitika
    • Christchurch
    • Ashburton
    • Timaru
    • Wānaka
    • Oamaru
    • Queenstown
    • Dunedin
    • Gore
    • Invercargill
  • Meet the journalists
  • Promotions & competitions
  • OneRoof property listings
  • Driven car news

Puzzles & Quizzes

  • Puzzles
    • All Puzzles
    • Sudoku
    • Code Cracker
    • Crosswords
    • Cryptic crossword
    • Wordsearch
  • Quizzes
    • All Quizzes
    • Morning quiz
    • Afternoon quiz
    • Sports quiz

Regions

  • Northland
    • All Northland
    • Far North
    • Kaitaia
    • Kerikeri
    • Kaikohe
    • Bay of Islands
    • Whangarei
    • Dargaville
    • Kaipara
    • Mangawhai
  • Auckland
  • Waikato
    • All Waikato
    • Hamilton
    • Coromandel & Hauraki
    • Matamata & Piako
    • Cambridge
    • Te Awamutu
    • Tokoroa & South Waikato
    • Taupō & Tūrangi
  • Bay of Plenty
    • All Bay of Plenty
    • Katikati
    • Tauranga
    • Mount Maunganui
    • Pāpāmoa
    • Te Puke
    • Whakatāne
  • Rotorua
  • Hawke's Bay
    • All Hawke's Bay
    • Napier
    • Hastings
    • Havelock North
    • Central Hawke's Bay
    • Wairoa
  • Taranaki
    • All Taranaki
    • Stratford
    • New Plymouth
    • Hāwera
  • Manawatū - Whanganui
    • All Manawatū - Whanganui
    • Whanganui
    • Palmerston North
    • Manawatū
    • Tararua
    • Horowhenua
  • Wellington
    • All Wellington
    • Kapiti
    • Wairarapa
    • Upper Hutt
    • Lower Hutt
  • Nelson & Tasman
    • All Nelson & Tasman
    • Motueka
    • Nelson
    • Tasman
  • Marlborough
  • West Coast
  • Canterbury
    • All Canterbury
    • Kaikōura
    • Christchurch
    • Ashburton
    • Timaru
  • Otago
    • All Otago
    • Oamaru
    • Dunedin
    • Balclutha
    • Alexandra
    • Queenstown
    • Wanaka
  • Southland
    • All Southland
    • Invercargill
    • Gore
    • Stewart Island
  • Gisborne

Media

  • Video
    • All Video
    • NZ news video
    • Herald NOW
    • Business news video
    • Politics news video
    • Sport video
    • World news video
    • Lifestyle video
    • Entertainment video
    • Travel video
    • Markets with Madison
    • Kea Kids news
  • Podcasts
    • All Podcasts
    • The Front Page
    • On the Tiles
    • Ask me Anything
    • The Little Things
  • Cartoons
  • Photo galleries
  • Today's Paper - E-editions
  • Photo sales
  • Classifieds

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In
Advertisement
Advertise with NZME.
Home / New Zealand

House prices in Wairoa grew the fastest in New Zealand in 2020

Shannon Johnstone
By Shannon Johnstone
Multimedia Journalist, Newstalk ZB·Hawkes Bay Today·
4 Feb, 2021 08:30 PM4 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  Sign in here

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save

    Share this article

Frances Cook and OneRoof's Need to Know on the tricky business of home loan applications.

House prices in the Wairoa District had the highest growth rate in New Zealand last year with the median house price rising 63.5 per cent - over $100,000.

It's been described by mayor Craig Little and an industry expert as "catching up" to the rest of the country, but there are also concerns for first home buyers and locals being priced out of the area.

The latest analysis by the Real Estate Institute of New Zealand (REINZ) shows the median house price in Wairoa in 2020 was $269,750, up from $165,000 in 2019.

"The Wairoa District experienced an extraordinary level of median price growth last year, with house prices rising by 63.5 per cent in just 12 months – that's an increase of $104,750 in 12 months," Real Estate Institute of New Zealand chief executive Bindi Norwell said.

"This is the sort of growth levels we would expect to see over a number of years, not just a number of months."

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

Wairoa was the only district in New Zealand that saw median prices increase in excess of 40 per cent.

Second in NZ was the Kaikoura District which had a 38 per cent change in median house price.

"The rate at which house prices have increased has put significant pressure on those wanting to enter the market, and in places like Wairoa which topped the list, has seen many locals priced out of the market," Norwell said.

Advertisement
Advertise with NZME.

"The big questions most people are now asking are how much higher can prices go and how long will the rise last for.

"The reality is, that unless we can address the supply issues, we're likely to see house prices rise in the short to medium term."

Wairoa mayor Craig Little said the house prices rising meant Wairoa was "catching up with the rest of the country".

"It's a great thing, it's fantastic.

"But also, I'm worried about young ones trying to get into homes or anyone trying to get into homes, it makes it a little bit more difficult."

Another effect of the rising prices is that "people have a bit of equity in their homes now" and are able to borrow money to do things up.

"That's a bonus too," he said.

He said there have been new people selling up in bigger cities and moving to Wairoa as well as people returning from overseas or elsewhere in New Zealand.

"Our population when I joined the council, we were doomsday really... there was no hope for us.

But now the community is growing. "We need that", he said.

Advertisement
Advertise with NZME.

There are some new builds happening in Wairoa and the district needs about 150 houses to keep up with demand, he said.

All Hawke's Bay areas were in the top 45 of the 72 districts listed on the REINZ data.

Hastings District placed 25 on the list with house prices rising 20.4 per cent from $490,000 to $590,000 in 2020.

Napier City was 36 with a 16.5 per cent rise from $537,000 to $625,713 and Central Hawke's Bay District placed 44 with a 14.7 per cent rise from $375,000 in 2019 to $430,000.

The region as a whole was the fifth out of 16 regions with a median house price rise from $493,000 in 2019 to $585,000 in 2020, changing by 18.7 per cent.

OneRoof editor Owen Vaughan said Hawke's Bay was the biggest growth region post-lockdown with a 20 per cent change.

Advertisement
Advertise with NZME.

Appealing to a range of buyers and investors, its centres are more affordable than other cities in the market and the region also has a number of higher-end lifestyle properties.

Wairoa is one of the cheapest places in the country, and buyers and investors have seen it as an affordable place, Vaughan said.

A jump of $100,000 is "a big step change for [Wairoa]".

"But it's also reflective of the fact that the region is just catching up to the rest of the country."

Wairoa is one of the leading areas in growth, but post-lockdown Hastings in particular had seen large growth at 20.7 per cent, Vaughan said.

"A real kind of rocket fuel has happened after Covid - once the country came out of lockdown that's when we started seeing that frenzy in the market," he said.

Advertisement
Advertise with NZME.
Save

    Share this article

Latest from Business

Media InsiderUpdated

Inside the mind of a TV genius: The desperate tactic to get The Casketeers to air

02 Jul 08:23 PM
Business

UK bond rates, toll roads and scrutiny of SOE pay

Business

KidsCan founder on how an abusive relationship shaped her empathy

02 Jul 07:00 PM

Audi offers a sporty spin on city driving with the A3 Sportback and S3 Sportback

sponsored
Advertisement
Advertise with NZME.

Latest from Business

Inside the mind of a TV genius: The desperate tactic to get The Casketeers to air

Inside the mind of a TV genius: The desperate tactic to get The Casketeers to air

02 Jul 08:23 PM

The founder and owneer of Great Southern Television on the future of the screen industry.

UK bond rates, toll roads and scrutiny of SOE pay

UK bond rates, toll roads and scrutiny of SOE pay

KidsCan founder on how an abusive relationship shaped her empathy

KidsCan founder on how an abusive relationship shaped her empathy

02 Jul 07:00 PM
Premium
ACC to tighten claims, cut growth of people on long-term compo

ACC to tighten claims, cut growth of people on long-term compo

02 Jul 05:02 PM
Gold demand soars amid global turmoil
sponsored

Gold demand soars amid global turmoil

NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • NZ Herald e-editions
  • Daily puzzles & quizzes
  • Manage your digital subscription
  • Manage your print subscription
  • Subscribe to the NZ Herald newspaper
  • Subscribe to Herald Premium
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • NZME Events
  • © Copyright 2025 NZME Publishing Limited
TOP