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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 Trade Me Property survey shows rising fuel costs are pushing Kiwi home buyers closer to urban centres to reduce their commute. Buyers are now prioritising location over a property's size or price.
Key search criteria include:
- Proximity to a workplace
- Walking distance to amenities
- Easy access to public transport
This trend marks a shift away from 'driving until you qualify'. While still a factor, access to cycling infrastructure is a lower priority for most buyers.
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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