Andrew Callagher

buy and potentially flip or even be here just for holiday purposes, but for a long-term view of, yeah, as I say, sort of long-term intergenerational wealth.

Well, I think they're just looking at sort of, in a way, pulling resources and

looking at New Zealand from a long-term point of view that, you know, it's not just here for one generation but for the next generation to use and enjoy and also to protect that wealth, as I say.

Yeah, there's no doubt.

There's a bit of an agenda for a home which is slightly larger.

We're probably talking, you know, five bedrooms plus, maybe a couple of living rooms.

You know, there's a health element that seems like there's, you know, a search for pools and, you know, a well-being element to these properties as well.

And obviously a bit of land around them to help keep some privacy in space.

Yeah, I think we're definitely noticing with this boomer generation, you know, this is 70 plus, that there's definitely an element of looking towards health.

You know, they're living longer and wanting to enjoy time with the family and kids, grandkids, that sort of thing.

So, you know, there's a property that's got pools, spas, all of that sort of thing, all land that's big enough for those elements to be built.

And there's definitely a view towards that.

Yeah, we've got a couple of examples of it where there's, you know, five-bedroom homes, but there's a separate, you know, sort of wing where you've got a, I guess, almost like a studio apartment attached to the main house.

It's got a kitchenette, that sort of thing.

So there's an element of separation within the house, and then there's often times that, you know, the land area might be big enough that they could build a cottage on it as well down the track, so...

The first point being that, you know, they're looking for a larger home with, you know, with multiple bedrooms, a couple of living spaces and I guess privacy for that separation.

But then, you know, communal areas where they can come together for dinner and breakfast and that sort of thing and enjoy each other's company.

But yeah, scale is important.

I'm not sure about the in-laws.

Yeah.