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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 changing how Kiwis buy homes. Buyers are now prioritising location to reduce their commute, moving away from the "drive until you qualify" trend.
Key search criteria now include:
- Proximity to workplaces
- Walkability to shops and amenities
- Easy access to public transport
While these factors are crucial, dedicated cycling infrastructure is currently 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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