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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 trend of "driving until you qualify" is weakening as buyers focus on properties closer to urban centres.
Key search priorities now include:
- Proximity to workplaces
- Walkability to local amenities like shops
- Easy access to public transport
While important to some, good cycling infrastructure is a less critical factor 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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