16 days ago

Are Kiwis moving house more often than ever?

Matt from Matt Wineera - Thats Real Estate with Matt Wineera

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.

Image
More messages from your neighbours
1 hour ago

Poll: Should all neighbours have to contribute to improvements?

The Team from Neighbourly.co.nz

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?

Image
Should all neighbours have to contribute to improvements?
  • 0% Yes
    0% Complete
  • 0% No
    0% Complete
  • 0% Other - I'll share below
    0% Complete
0 votes
39 minutes ago

A twist on tradition

The Team from Resene ColorShop Tauranga

Whether it’s a table setting, for the tree or a shelf display, use Resene FX Metallics to create your own modern Christmas decor. Find out how to create your own with these easy step by step instructions.

Image
4 days ago

Poll: When should the tree go up? 🎄

The Team from Neighbourly.co.nz

From what we've heard, some Christmas trees are already being assembled and decorated.

What are your thoughts on the best time to get your Christmas tree up?

Image
When should the tree go up? 🎄
  • 5% Second half of November
    5% Complete
  • 44.8% 1st December
    44.8% Complete
  • 16.7% A week before Christmas
    16.7% Complete
  • 32.3% Whenever you wish
    32.3% Complete
  • 1.2% Other - I'll share below
    1.2% Complete
1843 votes