MetService is warning rain forecast for the Tararua Range and Mt Taranaki may reach warning criteria when it starts falling after lunch today.
Those in affected central regions are being warned to watch for rapidly rising streams and rivers and the potential slips and hazardous driving conditions.
The mercury is set to plunge across the South Island to freezing by the end of today with southerly winds bringing rain and frigid air direct from Antarctica - starting in Southland in the morning and reaching Canterbury after lunch.
MetService says Gore and Invercargill were forecast to reach their maximum of 13C by 1am, while Christchurch was expected to drop from a balmy 23C in early afternoon to a wintry 10C by evening.
Snow is forecast to lower to 400m in parts of Canterbury, Otago, and Southland.
The forecaster is also advising road snowfall warnings are likely to be issued for South Island alpine passes.
MetService says by Saturday a low pressure system affecting the North Island would make for a rainy start to the school holidays while the South Island would have more settled weather.