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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. This marks a shift away from the 'drive until you qualify' trend.
Buyers are now focusing on:
- Proximity to their workplace (40%)
- Walking distance to amenities (38%)
- Access to public transport (38%)
While walkability and transit are key, cycling infrastructure remains a lower priority for most property hunters looking to save money.
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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