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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. The "drive until you qualify" trend is weakening as buyers focus on properties closer to urban centres.
Key priorities for buyers now include:
- Proximity to work (40%)
- Walkability to local amenities (38%)
- Access to public transport (38%)
While important for some, good cycling infrastructure is a lower priority for most buyers compared to these other factors.
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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