Property for rent in Makarewa, Invercargill

$750kmedian sale, last 12 months · 17 sales · up 1%

$700kmedian council valuation

11.4 yrsmedian time between sales

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About Makarewa

Three-bedroom homes sold for a median $650k and four-bedroom homes for $980k. Homes sold for a median $4,828 per square metre of floor over the last twelve months. Homes in Makarewa change hands every 11.4 years on median, against 7.2 across Invercargill and 7.9 nationally. About 2.9% of its homes sold in the last twelve months.

Schools zoned for Makarewa

Southland Adventist Christian Schoolprimary · Years 1-8
St John's Girls' School (Invercargill)primary · Years 1-8
Makarewa Schoolprimary · Years 1-6
James Hargest Collegesecondary · Years 7-15
Verdon Collegesecondary · Years 7-15

Makarewa house prices over time

Median sale price by year, all homes; 2026 is the year so far. Makarewa's median sale price over the last twelve months was $750k, across 17 sales, up 1% on the twelve months before. Across Invercargill it was $515k.

Sales by year as a table

Year	Sales	Median price	Per m² floor	Per m² land (est.)	Invercargill median
2026	10	$649,500	$4,735	$117	$520,000
2025	19	$776,000	$4,545	$17	$485,000
2024	17	$680,000	$3,981	$17	$458,000
2023	9	$900,000	$3,933	$16	$442,500
2022	20	$783,312	$4,216	$15	$460,000
2021	34	$521,600	$2,961	$13	$418,375
2020	30	$357,500	$2,679	$82	$355,000
2019	15	$490,000	$3,021	$18	$305,000
2018	26	$439,500	$2,333	$10	$250,000
2017	23	$395,000	$2,299	$10	$240,000
2016	33	$270,000	$2,150	$7	$216,000

Estimated value, month by month

Our model's median estimate for homes in Makarewa, up 2% over the last twelve months. An automated estimate, not a registered valuation.

Scale $735k to $818k, not from zero.

Prices by bedrooms in Makarewa

Over the last twelve months, 3-bedroom homes sold for a median $650k, 4-bedroom homes sold for a median $980k.

Bedrooms	Homes	Median council value	Sold, last 12 months	Median sale	Per m² floor
2	10	$633k	2	—	$4,884
3	201	$670k	9	$650k	$4,643
4	145	$855k	5	$980k	$4,412
5+	12	$950k	0	—	$3,042

Price per square metre

Homes in Makarewa sold for a median $4,828 per square metre of floor over the last twelve months, land included (Invercargill: $4,013); the land under houses sold for an estimated $38 per square metre (Invercargill: $268). A sale price is not split between land and house, so the land figure gives the land the council's share of each sale — the land value as a part of the capital value at the last revaluation.

$4,828per m² of floor, land included, sales in the last 12 months

$38per m² of land, estimated from house sales in the last 12 months

$4,168per m² of floor, council capital values

$15per m² of land, council land values of houses

Recent sales in Makarewa

296 Flora Road East$540,00028 Jul 2026 · 2 bed · 60 m² floor · 5.31 ha land
71A Counsell Road$530,00017 Jun 2026 · 3 bed · 130 m² floor · 3.1 ha land
203 Pomona Road East$1,100,0008 Jun 2026 · 4 bed · 270 m² floor · 5.31 ha land
411 Flora Road East$650,00015 May 2026 · 3 bed · 140 m² floor · 17,753 m² land
170 Orion Road East$450,0008 May 2026 · 3 bed · 170 m² floor · 1,037 m² land
2066 Winton Lorneville Highway$649,0004 Apr 2026 · 3 bed · 110 m² floor · 913 m² land
5 Settlers Road$870,0001 Apr 2026 · 3 bed · 164 m² floor · 16,130 m² land
71A Counsell Road$530,00030 Mar 2026 · 3 bed · 130 m² floor · 3.1 ha land
239 Pomona Road East$980,00011 Mar 2026 · 4 bed · 203 m² floor · 5.31 ha land
5 Settlers Road$870,00027 Feb 2026 · 3 bed · 164 m² floor · 16,130 m² land
130 Flora Road East$750,00022 Dec 2025 · 3 bed · 180 m² floor · 20,234 m² land
15 King Road$750,0005 Dec 2025 · 4 bed · 170 m² floor · 5.16 ha land

How long owners stay in Makarewa

Homes in Makarewa change hands every 11.4 years on median, against 7.2 across Invercargill and 7.9 nationally.

11.4 yearsmedian time between sales, Makarewa

7.2 yearsInvercargill

7.9 yearsNew Zealand

2.9%of homes sold in the last 12 months (Invercargill: 4.8%)

By kind: houses 16.9 years.

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

Who lives in Makarewa

About 1,269 people lived in Makarewa at the 2023 census (up 4% since 2018); their median age was about 42 (Invercargill: 40); 91% of households owned their home (Invercargill: 71%).

1,269people, 2023 (2018: 1,215)

42median age, about (Invercargill: 40)

$109kmedian household income, about (Invercargill: $87k)

91%of households own their home (2018: 87%)

Age

30-64 years50%
Under 15 years19%
15-29 years16%
65 years and over14%

Households

One-family household (with or without other people)81%
One-person household16%
Two-family household (with or without other people)2%
Other multi-person household1%
Three or more family household (with or without other people)0%

Ethnicity

European90%
Māori10%
Asian4%
Other Ethnicity3%
Pacific Peoples1%
Middle Eastern/Latin American/African1%

Where people were born

New Zealand89%
Asia3%
United Kingdom and Ireland3%
Australia2%
Europe (excl United Kingdom and Ireland)1%
Other1%
Middle East and Africa0%
North America0%

Household income

$100,001-$150,00026%
$150,001-$200,00020%
$70,001-$100,00016%
$30,001-$50,00010%
$50,001-$70,00010%
$200,001 or more9%
$20,001-$30,0006%
$20,000 or less2%

Dwellings

Separate house97%
Joined dwelling3%
Other private dwelling1%
Non-private dwelling0%

Highest qualification

No qualification16%
Level 1 certificate15%
Level 4 certificate15%
Level 2 certificate13%
Level 3 certificate12%
Bachelor degree and Level 7 qualification11%
Level 5 diploma6%
Post-graduate and honours degrees5%

Stats NZ Census 2023 and 2018, summed over the census areas inside Makarewa. Medians are approximate: Stats NZ publishes them per area and they cannot be added up exactly.

Real estate agents selling in Makarewa

13 agents have been credited on a sale or a live listing in Makarewa in the last two years. Those with the most:

All 13 real estate agents in Makarewa, with their recent sales and which agencies sell the suburb.

Counted from sales records that name the agent, and from current listings. A count of activity, not a rating.

Building and resource consents in Makarewa

11building consents in the last 12 months ($2.4m of work)

16 Counsell Road1 Aug 2026 · Building consentNew 3 bdrm dwg with attached gge
140 Helena Road1 Aug 2026 · Building consentKitchen renovation & linkway between structures
111 Pomona Road East1 Jul 2026 · Building consentConstruct shed
146 Diana Road1 Jul 2026 · Building consentProposed additional dwg, detached gge & associated drainage
650 Mill Road North1 Jun 2026 · Building consentCarry out installation of fire

Search building consents in Makarewa and see Stats NZ's count of new homes there.

Sales and valuations as at 18 September 2026, from council and LINZ records. Figures resting on fewer than 5 sales are not shown.

About property for rent in Makarewa, Invercargill

Every property in Makarewa, Invercargill, whether it is for sale or not: homes, sections, farms, lifestyle blocks, shops, offices and industrial land. Each is listed from the council rating roll and Toitū Te Whenua LINZ, with the listing beside it when an agent is marketing it.

Rentals come from the agents and property managers who list them, matched to the property each is for, so every one opens on that property’s own page: its rent estimate, title, hazards, the internet it can get, and its power and insurance costs.

Each property has its own page: our estimate of its value beside the council rating valuation, past sale prices, the title and land area, zoning and hazards, building consents, and what it would cost to own.

Listings are published by the agents who market them. Addresses, land details and rating valuations come from Toitū Te Whenua Land Information New Zealand and from the council. No ownership information is published.