7 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.

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More messages from your neighbours
20 hours ago

Poll: Do you think NZ should ban social media for youth?

The Team from Neighbourly.co.nz

The Australian Prime Minister has expressed plans to ban social media use for children.

This would make it illegal for under 16-year-olds to have accounts on platforms including TikTok, Instagram, Facebook and X.
Social media platforms would be tasked with ensuring children have no access (under-age children and their parents wouldn’t be penalised for breaching the age limit)
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Do you think NZ should follow suit? Vote in our poll and share your thoughts below.

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Do you think NZ should ban social media for youth?
  • 85.1% Yes
    85.1% Complete
  • 13.4% No
    13.4% Complete
  • 1.5% Other - I'll share below
    1.5% Complete
611 votes
5 days ago

Become an SPCA Foster Hero!

The Team from SPCA Tauranga - Centre & Op Shops

Kitten season has arrived, and over the next six months, over 8,000 cats and kittens will come into SPCA’s care. Please help us give these babies the best start in life and sign up to be a foster parent today! It's not just cats and kittens - we are also urgently seeking foster homes for dogs and small animals.

Fostering saves lives and helps these tiny babies grow into healthy, well-adjusted adults, ready for adoption. We cover all training and costs. All you need is time and love to spare!

Sign up today and save a life!

8 hours ago

Got a Minute? Prove You’re the Smartest Neighbour!

Riddler from The Neighbourly Riddler

What is it that when given one, you’ll have either two or none?

Do you think you know the answer to our daily riddle? Don't spoil it for your neighbours! Simply 'Like' this post and we'll post the answer in the comments below at 2pm.

Want to stop seeing riddles in your newsfeed?
Head here and hover on the Following button on the top right of the page (and it will show Unfollow) and then click it. If it is giving you the option to Follow, then you've successfully unfollowed the Riddles page.

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