Navigation for News Categories
Areas outside major towns, such as the Kapiti Coast, are attracting ‘Zoom workers’.
Earlier this month real estate agents on the West Coast reported a 57 percent increase in house prices as demand spiked.
QV general manager David Nagel said while New Zealand has had a lot of success in fighting the virus , many organisations are changing the way they work.
“For a lot of us, working five days in the office is a thing of the past.”
It’s led to people reconsidering where, and how, they live, he said.
There’s strong growth in urban areas but there’s also growth in fringe locations – those that are within 60-90 minute drive to the major towns.
“We’re seeing this already in New Zealand.”
It’s both cashed-up baby boomers looking to get more bang for their buck and first home buyers who are making the move, he said.
“Generally you’ll find that the further away from the major towns you are, the lower the prices, the more available property is and we’re seeing a lot of people who have struggled not just to afford the prices in the big cities, but to actually to find a property that’s available to them,” he said.
“People just can’t find a place to live, even if they have the money.”
Nagel said the problem is a shortage of stock.
Get the RNZ app
for ad-free news and current affairs
Send your news and stories to us firstname.lastname@example.org or email@example.com and WhatsApp: +447747873668.
Before you go...
Democratic norms are being stress-tested all over the world, and the past few years have thrown up all kinds of questions we didn't know needed clarifying – how long is too long for a parliamentary prorogation? How far should politicians be allowed to intervene in court cases? To monitor these issues as closely as we have in the past we need your support, so please consider donating to The Climax News Room.