According to a survey conducted among renters in New Zealand in January and February 2024, the leading reason renters stopped looking for a property to purchase was due to high, unaffordable house prices, with over 65 percent of respondents indicating this. Around 30 percent of those surveyed indicated that they were waiting to see if house prices will fall.
Leading reasons why renters stopped looking for a property to purchase in New Zealand as of January 2024
Characteristic
Share of respondents
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Te Tūāpapa Kura Kāinga - Ministry of Housing and Urban Development NZ. (March 19, 2024). Leading reasons why renters stopped looking for a property to purchase in New Zealand as of January 2024 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1446268/new-zealand-reasons-why-renters-stopped-looking-to-purchase-a-property/
Te Tūāpapa Kura Kāinga - Ministry of Housing and Urban Development NZ. "Leading reasons why renters stopped looking for a property to purchase in New Zealand as of January 2024." Chart. March 19, 2024. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1446268/new-zealand-reasons-why-renters-stopped-looking-to-purchase-a-property/
Te Tūāpapa Kura Kāinga - Ministry of Housing and Urban Development NZ. (2024). Leading reasons why renters stopped looking for a property to purchase in New Zealand as of January 2024. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1446268/new-zealand-reasons-why-renters-stopped-looking-to-purchase-a-property/
Te Tūāpapa Kura Kāinga - Ministry of Housing and Urban Development NZ. "Leading Reasons Why Renters Stopped Looking for a Property to Purchase in New Zealand as of January 2024." Statista, Statista Inc., 19 Mar 2024, https://www.statista.com/statistics/1446268/new-zealand-reasons-why-renters-stopped-looking-to-purchase-a-property/
Te Tūāpapa Kura Kāinga - Ministry of Housing and Urban Development NZ, Leading reasons why renters stopped looking for a property to purchase in New Zealand as of January 2024 Statista, https://www.statista.com/statistics/1446268/new-zealand-reasons-why-renters-stopped-looking-to-purchase-a-property/ (last visited July 22, 2024)
Leading reasons why renters stopped looking for a property to purchase in New Zealand as of January 2024 [Graph], Te Tūāpapa Kura Kāinga - Ministry of Housing and Urban Development NZ, March 19, 2024. [Online]. Available: https://www.statista.com/statistics/1446268/new-zealand-reasons-why-renters-stopped-looking-to-purchase-a-property/