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Christchurch house market takes off

The Christchurch housing market has taken off, with the rental market leading the way, but some developers are already warning of overheating.

Wednesday, February 5th 2003, 8:37AM

by The Landlord

Canterbury Property Investors' Association president Martin Evans said the price of some rental properties had risen 20 percent in suburbs such as Bishopdale, Avonhead and Burnside.

Christchurch bucked the national trend to record a 3 percent rise in the median house price in December.

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« Owner wins in leak disputeHouse prices ease but it's not a slump »

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Lender Flt 1yr 2yr 3yr
AIA - Back My Build 3.34 - - -
AIA - Go Home Loans 5.89 4.65 5.25 5.49
ANZ 5.79 ▲5.39 ▲6.09 ▲6.29
ANZ Blueprint to Build 7.39 - - -
ANZ Good Energy - - - 1.00
ANZ Special - ▲4.79 ▲5.49 ▲5.69
ASB Bank 5.79 4.65 5.25 5.49
ASB Better Homes Top Up - - - 1.00
Avanti Finance - Near Prime 6.35 - - -
Avanti Finance - Specialised 7.45 - - -
Basecorp Finance 6.35 - - -
Lender Flt 1yr 2yr 3yr
BNZ - Mortgage One 5.94 - - -
BNZ - Rapid Repay 5.94 - - -
BNZ - Std 5.84 4.65 5.19 5.39
BNZ - TotalMoney 5.94 - - -
CFML 321 Loans 3.95 - - -
CFML Home Loans 6.05 - - -
CFML Prime Loans 6.25 - - -
CFML Standard Loans 6.95 - - -
China Construction Bank 6.44 4.85 4.95 4.95
China Construction Bank Special 6.44 5.85 5.95 5.95
Co-operative Bank - First Home Special - 4.55 - -
Lender Flt 1yr 2yr 3yr
Co-operative Bank - Owner Occ 4.99 4.65 5.29 5.49
Co-operative Bank - Standard 4.99 5.15 5.79 5.99
Credit Union Auckland 7.70 - - -
First Credit Union Special - ▲5.09 5.49 -
First Credit Union Standard 6.49 ▲5.69 ▲6.09 -
Heartland Bank - Online ▲5.80 5.89 - -
Heartland Bank - Reverse Mortgage 7.99 - - -
Heretaunga Building Society 6.50 5.50 5.65 -
ICBC 5.39 4.49 ▲4.99 ▲5.25
Kainga Ora 5.79 4.59 4.95 5.19
Kainga Ora - First Home Buyer Special - - - -
Lender Flt 1yr 2yr 3yr
Kiwibank 5.75 5.65 6.19 6.35
Kiwibank - Offset 5.75 - - -
Kiwibank Special 5.75 4.75 5.29 5.55
Liberty 6.65 6.55 6.22 6.20
Nelson Building Society 6.49 4.69 5.09 -
Pepper Money Near Prime 6.55 - - -
Pepper Money Prime 5.99 - - -
Pepper Money Specialist 8.00 - - -
SBS Bank 5.84 5.29 5.79 5.99
SBS Bank Special - 4.69 5.19 5.39
SBS Construction lending for FHB 3.74 - - -
Lender Flt 1yr 2yr 3yr
SBS FirstHome Combo 3.29 4.19 - -
SBS FirstHome Combo - - - -
SBS Unwind reverse equity 7.99 - - -
TSB Bank 6.59 5.49 6.05 6.29
TSB Special 5.79 4.69 5.25 5.49
Unity First Home Buyer special - 4.09 - -
Unity Special 5.79 4.80 5.29 -
Unity Standard 5.79 5.60 6.09 -
Wairarapa Building Society 6.15 4.95 5.45 -
Westpac 5.89 5.39 5.79 6.09
Westpac Choices Everyday 5.99 - - -
Lender Flt 1yr 2yr 3yr
Westpac Offset 5.89 - - -
Westpac Special - 4.79 5.19 5.49
Median 5.94 4.80 5.45 5.49

Last updated: 5 June 2026 10:14am
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