Housing Affordability

The Timaru residential market offers a variety of properties for all tastes and budgets. 

The six month moving average house price in Timaru currently sits around $340,000 (as at 31 May 2017) for a permanent material 3 bedroom home in a good location. Prices for premium top end properties in prime locations begin at about $650,000 and go up to $1 million or more.

Rural lifestyle properties on the outskirts of town are sought after and can range from $450,000 up to well over $1 million depending on location and land size.

Entry level housing for a basic ownership unit begins at about $150,000, while most real estate market activity is in the price range between $250,000 and $450,000.

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Many new residents choose to rent a home on first arriving in the region, with the average rental for a family home in a good area of around $330 - $350 per week. Many local real estate agents also manage rental portfolios. Currently, like most areas in New Zealand, the district is experiencing a shortage of available properties for sale and upward pressure on prices.

Check out the house you can buy in Timaru District for between $250,000 - $450,000 and you'll see why there is affordable for all income levels. Affordable housing here. The videos below show housing in two different areas of Timaru; a more established suburb of Watlington, and a new sub-division in Gleniti. 

Timaru District offers:

  • affordable lifestyle - housing, amenities, services, schooling and more
  • easier to achieve work/life balance
  • central location with easy driving access to major cities and daily flights to Wellington, New Zealand's capital city
  • leading pre-school, primary and secondary schools and tertiary education
  • excellent primary and secondary healthcare with public and private hospitals
  • thriving retail sector offering both national chain stores and local boutiques
  • temperate climate and beautiful natural environment
  • thriving arts, drama, music and cultural scene
  • many world-class sporting and recreational facilities, including rugby, cricket, athletics, tennis, in-line skating, swimming, climbing, motor sports and cycling
  • low crime rate
  • newcomers welcomed to the district and supported.