Waikouaiti is a small town in East Otago, New Zealand, within the city limits of Dunedin. The town is close to the coast and the mouth of the Waikouaiti River. Today, Waikouaiti is a retail trade and servicing centre for the surrounding district, which has sheep farming as the principal primary activity.
A major egg producer, Zeagold Foods, a branch of Mainland Poultry LTD has a 500,000-hen factory farming operation here and is in the process of expanding over the next year to meet demand for egg products. Hawksbury, 3 km southwest of Waikouaiti, has a cheese factory and shop, a swimming pool and housing developed from the old mental health institution, Cherry Farm. Karitane, 3 km to the southeast has a small fishing port.

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