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Rising fuel costs driving Kiwi home buyers closer to city centres
Rising fuel costs are driving Kiwi home buyers to reprioritise their commute, new insights into NZ's property market.
AI summary
A recent Trade Me Property survey shows rising fuel costs are making Kiwi home buyers prioritise location to reduce their commute. Buyers are now focusing on properties closer to urban centres and amenities.
Key search priorities include:
- Proximity to workplaces (~40%)
- Walking distance to shops and cafes (38%)
- Easy access to public transport (38%)
This trend marks a significant shift, as buyers now weigh daily travel expenses heavily when searching for their next home.
A recent survey found around 40% of Kiwi are prioritising workplace proximity and homes closer to their jobs.
The daily commute takes center stage
Cycling remains a niche priority
Around 24% of buyers say good cycleways or cycling infrastructure are a priority due to fuel costs.
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