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: Should all neighbours have to contribute to improvements?
An Auckland court has ruled a woman doesn’t have to contribute towards the cost of fixing a driveway she shares with 10 neighbours.
When thinking about fences, driveways or tree felling, for example, do you think all neighbours should have to pay if the improvements directly benefit them?
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82.1% Yes
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15.2% No
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2.7% Other - I'll share below
What's your favourite recipe for courgettes?
Kia ora neighbours. If you've got a family recipe for courgettes, we'd love to see it and maybe publish it in our magazine. Send your recipe to mailbox@nzgardener.co.nz, and if we use it in the mag, you will receive a free copy of our January 2025 issue.
Should You Stay Home During Open Homes or Private Viewings? 🏡🤔
Should You Stay Home During Open Homes or Private Viewings? 🏡🤔
When you list your home for sale, you might wonder: should you be there during inspections? While it’s your home, many agents suggest stepping out during these moments.
Here’s why:
1️⃣ Protecting Your Peace 🛡️
Selling a home is an emotional journey, and potential buyers often share candid opinions about your home. While their feedback can be valuable, it might feel personal when you’re nearby. Stepping out helps you avoid any unintended stress or discomfort.
2️⃣ Creating a Comfortable Atmosphere 🌟
Buyers want to imagine themselves living in your home, and that’s easier to do when they feel at ease. Your presence, even with the best intentions, might make them feel like guests rather than potential owners.
💡 Pro Tip: Take a break—go for coffee ☕ or enjoy a walk in the park 🌳 during inspections. It can make a big difference for everyone involved.
Have questions about selling your home or real estate in general?
Let’s connect—I’d love to help! 😊
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