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Is The Kiwi Bach Still Affordable?

Friday, 15 January 2021, 5:39 pm Latest Census data from Stats NZ suggests 10% (191,646) of New Zealand dwellings are unoccupied – a figure which includes bach ownership. The regions around the country with the greatest proportion of unoccupied dwellings are those with large numbers of holiday homes, including Great Barrier Island 51%, Waiheke 36%, Thames-Coromandel 49%, Taupo 32%, Ruapehu 33%, MacKenzie District 42% and Queenstown-Lakes 28%. The Census data shows a decline in the number of unoccupied dwellings in recent years which may suggest supply pressure on the property market is making the dream of bach ownership harder to achieve. REINZ chief executive Bindi Norwell says the demand for coastal property and parkland holiday homes

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