The Kaikorai Stream is a short river which runs through the city of Dunedin, in New Zealand's South Island. The stream has origins in the northwestern suburbs of Dunedin, flowing southwest towards the Kaikorai Lagoon.

Kaikorai Valley is a long broad valley which runs through the west of the New Zealand city of Dunedin, 5 kilometres (3.1 mi) to the west of the city centre. It is the valley of a small stream, the Kaikorai Stream, which runs from northeast to southwest down the length of the valley.