"Expect 300 to 450mm of rain about ranges, with lesser amounts near the coast," MetService said. "Peak rates of 15 to 25mm/h. Please note, that this warning could possibly be upgraded to a red warning."
People are urged to keep an eye on the latest watches and warnings, as they may be updated as the storm grows closer.
Further north in Canterbury and Christchurch, severe winds are forecast with gusts reaching 140km/h about the high country and 120km/h further east.
MetService says the storm could be significant and has the potential to be damaging.
"People are advised to keep up to date with the latest forecasts, as some areas could be upgraded to red warning, and more areas added."