46 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
1 day ago

Worst Xmas ever?

The Team from Neighbourly.co.nz

There's a a lot of planning that goes into Christmas day and sometimes things just don't go to plan. But it can be a good thing - a family mishap or hilarious memory that you can laugh about in Christmases to come.

Whether you burnt the dinner or were stranded at an airport...

Share your Christmas mishaps below!

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5 days ago

Poll: Would you rather: Christmas in summer forever or winter forever?

The Team from Neighbourly.co.nz

Just a bit of a fun poll to get you thinking.

If you had to live out your Christmas days, would you prefer it was a summer Christmas or a winter Christmas?

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Would you rather: Christmas in summer forever or winter forever?
  • 61.6% Summer
    61.6% Complete
  • 36.7% Winter
    36.7% Complete
  • 1.7% Other - I'll share below
    1.7% Complete
1248 votes
M
2 days ago

Thank you.

Mavis from Papamoa Beach

Thank you for supporting the Tauranga SeniorNet Club Inc.
During 2024 many members learnt how to use social media, stay in touch with family and friends, online banking and much more through attending the clubs courses with other seniors for mobile phones and other computer devices.
The program for the first term of 2025 along with information about SeniorNet plus how to contact the club is now on the clubs web site www.taurangasenionet.co.nz...

Come join the club in 2025

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