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.
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Poll: Are our Kiwi summer holidays helping us recharge, or holding the economy back? ☀️🥝
There’s growing debate about whether New Zealand’s extended Christmas break (and the slowdown that comes with it) affects productivity.
Tracy Watkins has weighed in ... now it’s your turn. What’s your take? 🤔
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71.9% We work hard, we deserve a break!
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16.3% Hmm, maybe?
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11.7% Yes!
Don’t Let Your Mattress Turn Into a Moving Monster!
Hey neighbours,
Moving house? Don’t wrestle with your mattress like it’s a wild animal! Big, awkward, and easy to damage, it needs a little strategy - and maybe a friend or two.
Top tips to move like a pro:
1. Measure & clear your path - no doorway dramas.
2. Grab a buddy - teamwork makes it a breeze.
3. Lift smart - bend your knees, not your back!
4. Wrap it up - blankets, plastic, or cardboard protect it along the way.
Want all the expert hacks? Check out: beds4u.co.nz...
P.S. If it’s time for a new mattress, our Boxing Day sale is the perfect excuse to upgrade your sleep while you move!
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Happy moving, neighbours! Here’s to a smooth move and many nights of comfy sleep in your new home.
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