45 properties · Waverley, Invercargill

Racecourse Road, Waverley

Racecourse Road in Waverley has 45 properties, valued by the council between $255,000 and $1,120,000 with a median of $530,000 (Waverley: $520,000). More of its homes were built in the 1950s than in any other decade. We estimate its homes at a median $626,000. 3 sold in the last twelve months, for a median $520,500. The highest sale in 2026 was 231 Racecourse Road, at $590,000.

$530kmedian council valuation
$626kour median estimate
$521kmedian sale, last 12 months · 3 sales
1960median year built
InvercargillWaverley ×Racecourse Road ×

45 properties on Racecourse Road, Waverley

Highest and lowest on Racecourse Road

Highest-valued home232 Racecourse Road$1,120,000council valuation · 5 bed · 341 m² floor · 3,197 m² land
Lowest-valued home299 Racecourse Road$255,000council valuation · 493 m² land
Highest sale in 2026231 Racecourse Road$590,000sold 11 Mar 2026 · 4 bed · 280 m² floor · 491 m² land

Property values on Racecourse Road

The council values Racecourse Road's 39 rated properties between $255,000 and $1,120,000. The middle half sit between about $502,000 and $681,000; the median is $530,000 and the mean $597,949.

Lowest: $255k$255kLowest10%: $454k20%: $494k20%30%: $510k40%: $530k40%Median: $530k60%: $558k60%70%: $586k80%: $776k80%90%: $850kHighest: $1.12m$1.12mHighest
BedroomsHomesMedian council valueSold, last 12 monthsMedian sale
22$575k0—
325$510k2—
49$800k1—
5+2$815k0—

Council rating valuations: the council's figure for apportioning rates, not a market appraisal.

Racecourse Road compared with Waverley

Racecourse Road's median council value is about the same as Waverley's.

Racecourse RoadWaverleyInvercargill
Median council value$530k$520k$435k
Median sale, last 12 months$521k$590k$515k
Sold in the last 12 months6.7%6.5%4.8%
Time between sales9.7 yrs6.7 yrs7.2 yrs
Median section767 m²668 m²759 m²
Median year built196019501960
Council value per m² of floor$4k$4k$3k

Racecourse Road house prices over time

Median sale price by year; 2026 is the year so far. A year with fewer than two sales has no bar.

2016: $230k (2 sales)$230k20162017: $295k (3 sales)2018: too few sales to say (1 sale)20182019: $293k (2 sales)2020: $243k (6 sales)20202021: $590k (2 sales)2022: too few sales to say (1 sale)20222023: $805k (2 sales)$805k2024: $525k (3 sales)20242025: $521k (3 sales)2026: $553k (2 sales, this year so far)$553k2026
Sales by year as a table
YearSalesMedian pricePer m² floor
20262$552,750$2,128
20253$520,500$4,338
20243$525,000$3,865
20232$804,500$3,980
20221$301,000$1,813
20212$590,395$3,726
20206$242,500$1,371
20192$292,500$1,821
20181$386,000$1,838
20173$295,000$2,150
20162$230,000$1,564

Recent sales on Racecourse Road

The homes on Racecourse Road

Racecourse Road has 45 houses. More were built in the 1950s than in any other decade (45%).

1950s: 17 (17 homes)171950s1960s: 7 (7 homes)1960s1970s: 3 (3 homes)1970s1980s: 1 (1 home)1980s2000s: 2 (2 homes)2000s2010s: 1 (1 home)2010s2020s: 7 (7 homes)72020s

How long owners stay on Racecourse Road

Homes on Racecourse Road that resold in the last five years had been held a median 9.7 years (Waverley: 6.7 years).

Time between a home's sales, for 8 resales in the last five years. A home not sold since our records begin is not counted, so owners who stay longest are under-represented.

Building and resource consents on Racecourse Road

6building consents in the last 5 years
  • 269 Racecourse Road1 Apr 2026 · Building consent260244 - lot 2 - relocate pre-existing dwg to this property.
  • 299 Racecourse Road1 Jun 2023 · Building consentInstall an inbuilt masport solid fuel heater
  • 333 Racecourse Road1 Mar 2023 · Building consentInstall type 1 yard sump & drainage, connect to existing consented gge drains
  • 289 Racecourse Road1 Mar 2023 · Building consentRbw (owner exemption) remove load bearing wall kitchen / dining
  • 324 Racecourse Road1 Jan 2023 · Building consentRbw construct sunroom extension

More streets in Waverley

Every street in Waverley, and the suburb's house prices and sales.

Sales and valuations as at 11 September 2026, from council and LINZ records. Medians resting on fewer than 3 sales are not shown.