Originally Posted by
artemis
About 60% of res bank lending is to existing home owners, and not for investment, three times as much as first home buyers. (Reserve Bank.) Doesn't say if the are trading up, down or just changing. Still nearly $4bill a month so a whole lot of buying going on.
Probably a decent number will be moving into retirement villages. And those on this site have a handle on those numbers, with a couple of operators indicating increases in enquiries and sales.
Even leaving retirement village units aside, developers are going to be more interested in upmarket builds rather than the likes of Kiwibuild which are limited on several fronts.