Kiwis want more housing options and housing mobility: NZ Housing Survey

Exciting to have some great media coverage last week as we launched the first report from The New Zealand Housing Survey data! We'll on-share some of this coverage over the coming weeks, with additional discussion from our team to expand on some of the important points highlighted in the articles.

To start, Scoop Business has published a piece with key findings from the report, including one of the big ones: that kiwis want more housing options and housing mobility.

The initial findings affirm that New Zealand's housing market is generally working well for those who own their homes, with homeowners reporting far greater satisfaction than renters. But it's failing the "missing middle"—key workers like teachers and nurses, middle-income earners aspiring to ownership, and a broad spectrum of renters. In fact nearly 75% of renters who have responded to the survey so far expressed dissatisfaction with their choices. What choices do people want? As an example, nearly 50% of those under 35 would consider apartment living.

Younger Kiwis who responded to the survey find homeownership so unattainable that many are choosing different paths; 46% of 16-34 year olds say they would prioritise travel over saving for a deposit. This data got TUA’s Jack Tompkins asking us in the office about if we “consider this against the recent news that 45% of Gen Z are invested in financial markets - most of whom began doing so before they turned 20 - is this a signal of a generational pivot away from the long-held belief that property is the primary path to wealth?

Have you read the report yet? Head to the Knowledge Hub HERE on our website to dive into the data 👀

Read the article published by Scoop Business here: https://www.scoop.co.nz/stories/BU2510/S00098/the-new-zealand-housing-survey-finds-kiwis-want-more-housing-options-and-housing-mobility.htm‍

Read the full NZ Housing Survey report via our Knowledge Hub here: https://www.theurbanadvisory.com/research/the-new-zealand-housing-survey-year-1-survey-results‍

And of course, if you haven’t already, you can take part here: https://www.nzhousingsurvey.co.nz/ 

This research is part of a longitudinal study and our #TeamTUA have big plans for it as we continue to support Councils, communities, iwi, and developers across New Zealand with their decision making about housing.