Home Ownership In New Zealand

I'm often asked what is the average time period of home ownership in New Zealand and the simple answer is approx 7 years this is for both residential and lifestyle.

Of course there are those whom have built and lived in their homes for 20 years plus and those whom get itchy feet after a mere 12months and decide to sell

There is a portion of the market that turns over quite frequently, and these tend to dominate the sales in a given year.

For example, first home buyers typically do not stay in their first house for long, instead trading up after a few years. Similarly younger couples will tend to move to larger houses in family friendly areas after a few years.

These transactions will tend to dominate the sales and overwhelm the much smaller number of sales of houses that have been owned for 20 or more years.