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: Is it ok to regift something that you have been given?
🎁 Holiday Gift Chat!
Do you ever regift?
What’s your take on asking for a receipt if a gift doesn’t fit?
-
79.7% Yes! It's better to regift what I don't need
-
20.3% No. It's the thought and effort that matters
Exclusive Christmas Sleep Deals - Up to 65% OFF Beds!
Hi neighbours,
This coming Christmas, why not treat yourself to better sleep? For one day only, we’re offering an extra 5% OFF on top of our already reduced Boxing Day Bed Sale prices!
With up to 65% OFF on selected beds and FREE delivery, there’s never been a better time to upgrade your sleep. But hurry, these deals are moving fast, and once stock is gone, it’s gone!
If you’d like to see what’s available:
Find your nearest Beds4U store: beds4u.co.nz/store-locator
Browse all Boxing Day deals: beds4u.co.nz/boxing-day
Don’t miss out, give yourself the gift of quality sleep this Christmas!
Scam Alert: Fake information regarding December Bonuses from MSD
The Ministry of Social Development is reporting that fake information is circulating about new ‘December bonuses’ or ‘benefit increases’
If you get suspicious communication, please contact Netsafe.
Loading…
