Property

Boomers, returning Kiwis set the pace for new developments

Brent Melville
Wed, 19 May 2021

Boomers, returning Kiwis set the pace for new developments

The Electric in Kingsland will cater to 'downsizers and empty nesters'.

Brent Melville
Wed, 19 May 2021

Kiwis are traditionally seen as low key, no frills folks, but that is starting to change as so-called boomers wake up and realise they are sitting on millions of dollars in equity after a lifetime of accumulating and throwing money into their properties.While they hang onto their traditional "beachside bach", they are also opting out of family homes and into city boltholes which allow them to keep in touch with their day jobs and favourite café.That has seen developers shift their focus to that part of the market, following the...

Unlock all stories
free for 10 days

Trustworthy, balanced journalism every day from our growing team of New Zealand business reporters and commentators, plus more in our weekend magazine section, The Life.

Instant News Alerts based on keywords you choose or journalists you follow
Our Daily Digest of all stories at 6am, midday or 6pm
Comprehensive business and markets coverage
News via email, web and Apple/Android apps

Try for 10 days without paying and if you’re not convinced cancel with just two clicks.

Find out more

Subscribe now

Name

E-Mail Address

Password

Confirm Password

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Cardholder's Name

Card

You will be charged in 10 days unless you cancel beforehand. We will remind you three times before charging you.
All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service {{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Or Subscribe with Google

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

My Net Worth FREE

My Net Worth: Zac Stephenson, managing director, MediaCom

Daniel Dunkley | Sun, 03 Jul 2022

MediaCom managing director Zac Stephenson says he's proud of surviving in the media industry, which can be stressful and intense.

Finance FREE

Money Answers: what's the best share investing strategy in a recession?

Frances Cook | Sat, 02 Jul 2022

Spreading your money through good quality companies, then leaving it alone for a few years is the boring but most likely way to build wealth for most of us.

On the Money

On The Money: Air NZ's feeding frenzy, Kerry Prendergast's movie date, and more

Pattrick Smellie | Sat, 02 Jul 2022

In this week's OTM: Greg Foran's preference for pies, Kerry Prendergast's future at the film commission, a blast from the past from Enable Networks, and more...

Boomers, returning Kiwis set the pace for new developments

Subscribe now

Or Subscribe with Google

Not convinced yet?

Your company has a subscription

Team