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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 reveals rising fuel costs are shifting Kiwi home buyers' priorities towards location to save on commuting. This marks a change from buyers traditionally looking further afield for affordability.
Many are now focusing their property search on homes with:
- Proximity to workplaces
- Walkability to local shops and amenities
- Easy access to public transport
While these factors are key, good cycling infrastructure remains a lower priority for the majority of property hunters.
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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