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Is this the death of the ‘doer-upper’? Why buyers are ditching the DIY dream
With the increasing cost of living and rising building costs, more Kiwi are putting down the tools.
AI summary
The Kiwi dream of a doer-upper is fading as buyers prioritise convenience and budget certainty. A Trade Me survey shows nearly half of buyers now seek renovated or new homes, while only 6% want a fixer-upper, driven by rising building costs.
This has created a ‘quality gap,’ with high demand for modern homes but low supply. This gives sellers with updated properties a significant market advantage. The traditional summer slump is also a myth, with buyer activity remaining strong over holidays.
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Casey Wylde
Trade Me Property Spokesperson
Trade Me Property Spokesperson Casey Wylde
The quality gap
The myth of the summer slump
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Casey Wylde
Trade Me Property
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