How a $23 million Lotto jackpot influences Kiwi search behaviour on Trade Me Property

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How a $23 million Lotto jackpot influences Kiwi search behaviour on Trade Me Property

Trade Me data reveals Kiwi engage in luxury window-shopping when Lotto jackpots

Trade Me Property team
AI

AI summary

When Lotto Powerball jackpots exceed $20 million, Kiwi engage in luxury property window-shopping on Trade Me. Data shows searches for homes over $10 million surge by over 40%, with page views jumping 50%.

This "dream-browsing" becomes active shortlisting, as watchlist adds for these premium properties skyrocket by over 200%. Search behaviour also pivots from practical terms to luxury amenities like "waterfront" and "sea view," showing a clear shift from budget realities to aspirational living.

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Trade Me Property team Trade Me Property team