Are Kiwis moving house more often than ever?
New data suggests the ‘forever home’ may be a thing of the past, with the ‘seven-year itch’ now closer to five.
The concept of the ‘forever home’ appears to be fading in NZ, with new data from realestate.co.nz revealing that Kiwis now hold onto their homes for an average of just five and a half years before selling.
"People move for many reasons—employment opportunities, the desire for more space, the need to accommodate aging parents, or even downsizing after the kids have left. This frequent movement is likely a reflection of changing lifestyle needs and opportunities across NZ,” says Vanessa Williams, realestate.co.nz spokesperson.
The regions where property moved more quickly than the national average were Waikato, Nelson and Bays, and Bay of Plenty, where the average time between sales was five years and four months.
But what about the financial gains? Does it pay to stay, or should you go?
“Holding for longer can sometimes mean bigger gains, but many factors can impact this, including market conditions, economic factors, legislative changes, your region, and demand in your area," says Williams.
Ultimately, you should buy based on your personal circumstances, rather than trying to predict what the market might do.
📱Contact me for all of your real estate questions. My advice is given freely with no obligation.
Poll: As a customer, what do you think about automation?
The Press investigates the growing reliance on your unpaid labour.
Automation (or the “unpaid shift”) is often described as efficient ... but it tends to benefit employers more than consumers.
We want to know: What do you think about automation?
Are you for, or against?
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9.5% For. Self-service is less frustrating and convenient.
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43.5% I want to be able to choose.
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47% Against. I want to deal with people.
Clear out your books!
The annual Rotary Book Sale is on again, Sat 28th Feb and Sun 1st March. We need books to sell - also art, jigsaws and music. Proceeds go to a range of local activities inc.uding K Vallet conservation, Riding for the Disabled, and Foodbank.
Drop off points are:
Farmlands Tauriko and Te Puna
Wet&Forget, Chapel St
Caltex Greerton, Bayfair and Katikati
Z Energy, 11th Ave
Philips Garage, Fraser St
BP Delta, Cherrywood
Villa 71, Bob Owens Village, Bethlehem
Bunnings on Cameron Rd
20 Ririnui Place, Maungatapu
Papamoa Sports & Rec Centre, in Gordon Spratt Reserve
The Coffee Club, Omokoroa
Challenge Service Station, Omokoroa
Ready to make the most of retirement?
From hobbies to adventures, there’s so much to enjoy!
- Explore new hobbies like gardening or painting
- Stay active with walking groups or cycling trails
- Learn something new with online courses or local classes
- Give back through volunteering or mentoring
Read the full article and take our fun quiz to find out which activities suit your personality best below!
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