Boomers, returning Kiwis set the pace for new developments

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

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...

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