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," mentioned another expat when asked about moving to Christchurch, New Zealand.

Other Questions:

What do I need to know before retiring in Christchurch?
What do I need to know before moving to Christchurch?
How do I find a place to live in Christchurch?
What is a typical expat home or apartment like in Christchurch?
What is the average cost of housing in Christchurch?
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What should I pack when moving to Christchurch?
Where should I setup a bank account in Christchurch?
Will I be able to find a job in Christchurch?
What is life like in Christchurch?
What do people like (and dislike) about Christchurch?
What type of social life can someone expect in Christchurch?
What is the social scene like in Christchurch?
What advice to expats in Christchurch have about housing?
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Are healthcare and health insurance expensive in Christchurch?
Is the cost of living in Christchurch high?
What are the visa & residency requirements in Christchurch?
Why do people move to Christchurch?

What is the average cost of housing in Christchurch?

If you live in Christchurch, newcomers to Christchurch would love to hear your answer to this question.