Feature article
NZ property market buyer and seller insights survey - spring edition
We surveyed 1500+ Kiwi to understand current buyer and seller mindsets; and what that means for the property industry.
24 October 2024
24 October 2024
Overall market outlook for Spring 2024
OVERALL MINDSET: 53.1% feel that it's a good time to buy I 23.6% of buyers say they are able to find lots of properties that fit their budgets and needs
There’s a gap in perceived value between buyers and sellers
BUYERS’S BIGGEST CONCERNS: 1. Cost of living (45.4%) 2. Lack of suitable properties (42.6%) 3. Mortgage repayments (41.9%)
SELLER’S BIGGEST CONCERNS: 1. Not getting the price they want (74.6%), 2. How long it will take to sell (43.7%), 3. Market conditions (37.5%)
Sellers are willing to wait for their expected price
BUYERS ARE WILLING TO COMPROMISE ON: 1. Size of section or land (44.5%), 2. Size of property (40.7%), 3. Size of garden (40.6%)
Buyer vs seller value perceptions
HOMEOWNERS INTEL: If they don't get the price they wanted, 24.7% would take their property off the market, 35.5% would wait to get an offer that met expectations, 32.8% said they would accept a slightly lower offer
The springtime opportunity
Other articles you might like
