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Real Estate in Christchurch, New Zealand | Expat Exchange
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Real Estate in Christchurch, New Zealand

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By Betsy Burlingame

Last updated on Nov 23, 2024

Summary: People living in Christchurch, New Zealand offer advice about real estate. How do you find a home in Christchurch? Should you buy or rent? What is the cost of housing?

How do I find a place to live in Christchurch?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"Finding a place to live in Christchurch involves several steps. First, you need to determine your budget and the type of accommodation you're looking for. This could range from a single room in a shared house, a studio apartment, or a larger family home. Next, you should research different neighborhoods in Christchurch to find one that suits your lifestyle and needs. Some popular areas include Riccarton, Merivale, and Sumner. Consider factors such as proximity to work or school, access to public transportation, safety, and nearby amenities such as shops, restaurants, and parks. Once you have a clear idea of what you're looking for, you can start your search. There are several online platforms where you can find rental listings, such as Trade Me Property, realestate.co.nz, and nzflatmates. These websites allow you to filter results based on your preferences, such as location, price, and property type. In addition to online listings, you may also want to consider engaging a real estate agent. They can provide valuable local knowledge, help you navigate the rental process, and potentially give you access to listings before they are publicly advertised. When you find a property you're interested in, you'll typically need to fill out an application and provide references. It's also common to pay a bond (usually equivalent to four weeks' rent) and the first week's rent in advance. Finally, before signing a lease, make sure to thoroughly inspect the property. Check for any signs of damage or maintenance issues, and ensure that any appliances or fixtures included in the rental are in good working order. If you're not familiar with New Zealand tenancy laws, you may want to seek legal advice to ensure your rights are protected," said one expat who made the move to Christchurch.

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William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.
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What is a typical expat home or apartment like in Christchurch?

"A typical expat home or apartment in Christchurch, is often a modern, well-furnished space with a blend of contemporary and traditional Kiwi design elements. These homes usually have spacious living areas, comfortable bedrooms, and fully equipped kitchens. Many apartments offer stunning views of the city or the surrounding natural beauty, including mountains and the ocean. Outdoor living is a significant part of New Zealand culture, so many homes also feature outdoor spaces like balconies, patios, or gardens. Some expat homes might be located in suburban areas, offering a more relaxed, family-friendly environment with easy access to parks, schools, and shopping centers. On the other hand, apartments in the city center are popular among single expats or those who prefer a more urban lifestyle. These apartments are often located in close proximity to restaurants, bars, and cultural attractions. Despite the variety, a common feature of most expat homes in Christchurch is their adherence to high building standards, especially in terms of earthquake resistance, given the city's history. In terms of interior design, many homes and apartments in Christchurch feature a clean, minimalist aesthetic with plenty of natural light. They often come furnished, but the level of furnishing can vary, with some homes including all necessary appliances and furniture, while others might only include the basics. In general, expat homes and apartments in Christchurch offer a comfortable, high-quality living environment that allows expats to enjoy the best of what New Zealand has to offer," said one expat who made the move to Christchurch.

William Russell

William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.

Learn MoreGet Quote

William Russell

William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.

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What is the average cost of housing in Christchurch?

If you are thinking about moving to Christchurch, cost of living in probably a key consideration. Expats commented about the cost of housing:

"As of recent data, the average cost of a house in Christchurch is approximately NZD 500,000. However, prices can vary significantly depending on the location, size, and condition of the property," said one person in Christchurch.

Should I buy or rent a home in Christchurch?

If you have not spent a lot of time in Christchurch, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:

"The decision to buy or rent a home in Christchurch, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Christchurch for a long period, buying a home could be a good investment. Owning a home allows you to build equity over time and provides stability. However, it also comes with additional costs such as maintenance, insurance, and property taxes. On the other hand, renting can offer more flexibility, especially if you're not sure about your long-term plans. It's generally easier to move from a rental property than to sell a house, and you won't have to worry about property maintenance or fluctuating market values. However, you won't build equity and may face annual rent increases. It's also important to consider the current housing market in Christchurch. If property prices are high and predicted to fall, it might be better to rent for a while. Conversely, if prices are low and expected to rise, buying could be a smart move. Lastly, consider your financial situation. Buying a home requires a significant upfront cost for the down payment, and you'll need a stable income to manage the mortgage payments. Renting can be more affordable in the short term, but you'll need to budget for potential rent increases. In conclusion, both buying and renting have their pros and cons, and the best choice depends on your individual circumstances and the housing market conditions in Christchurch. It's advisable to seek professional financial advice before making such a significant decision," explained one expat living in Christchurch, New Zealand.

About the Author

Betsy Burlingame Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.

Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.

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