DIVERSITY SHAPES URBAN DEMAND HOUSING QUALITY
The country ’ s growing ethnic diversity is another significant factor influencing housing demand . The 2023 Census showed that 30 per cent of New Zealanders were born overseas . This migration , particularly into urban areas , is expected to continue to shape the demand for housing in our largest cities of Auckland , Wellington and Christchurch , where job opportunities and amenities are concentrated .
Urban density presents an opportunity for housing providers may focus more on high-density residential developments , including multi-unit complexes and Build-to-Rent ( BTR ) projects . International migrants , more familiar with alternative housing typologies like BTR , may drive increased demand for these types of accommodation , which offer long-term rental security and community living spaces .
The inclusion of LGBTIA + ( lesbian , gay , bisexual , transgender , queer / questioning , intersex , asexual ) data in the census also highlights broader societal shifts , with recognition starting a conversation about the unique housing challenges faced by individuals within these communities .
Co-living arrangements in urban centres that foster inclusivity and connection may become increasingly popular , giving property managers and housing providers more insight into how they can offer welcoming and connected living environments for the growing number of individuals within these groups .
Since 2018 , Kiwis have enjoyed a welcome improvement in housing quality with a decline in homes affected by dampness and mould , census data shows . This positive trend reflects the impact of government initiatives like Healthy Homes Standards , which have prompted property owners to invest in better insulation , ventilation and moisture control .
As the 2025 compliance deadline approaches , demand for high-quality rentals is expected to grow , giving landlords who invest in upgrades a competitive edge .
These changes enhance living conditions and drive more interest in sustainability and energy efficiency in homes . With rising interest in sustainable initiatives , buyers increasingly prioritise properties with higher environmental credentials , offering longterm savings on energy costs while contributing to broader climate goals .
The 2023 Census information paints a complex but promising picture for the future of residential property in New Zealand . From population growth and housing supply to cultural diversity and shifting demographic patterns , the opportunities for property owners , housing providers and investors are vast .
By understanding and responding to evolving dynamics , stakeholders in the residential sector can navigate the challenges ahead and seize opportunities presented by change . Whether through innovative housing design , strategic marketing , or investment in sustainable urban design , the future is full of dynamic potential .
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