The New Way To Buy A House In NZ?
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What is the new AI search feature on TradeMe and realestate.co.nz?
Hello and welcome along to the Property Academy Podcast by Obus Partners. I'm your host, Steve McKnight, and I'm Andrew Nickel. And this is the show that helps Kiwis go from zero to five investment property so you can be financially free and stick around for the next 15 minutes because you're gonna learn the new way to buy a house in New Zealand, the battle between trade me and realestate.co.nz that's heating up, and what the two new AI property searches actually do, and what broke when we tested them. Now, two of New Zealand's biggest property sites have launched AI search basically at the same time. And is this the new way to buy a house in New Zealand? Can you use AI to find the perfect rental property?
Now, Andrew, let's try it out with TradeMe First. So, what do you want to try first? Because if you go to Trade Me Property and you click AI search, we could literally type in anything. So what are we looking for?
Okay, I try a three bedroom house in Papakura under eight hundred thousand and why don't you ask for it to be walking distance from a train station?
Okay, I want it to be walking distance from a train station. Okay, search. Oh yeah, it's thinking. Okay, so it says we're on the hunt, start searching for for three bid properties. Eight hundred K, walking distance to the train station.
I wonder if someone's just sitting at the other end of trade me answering this now.
God, it's take you a wee while, isn't it? It's take you a long time. A few moments later. How long do you think this has been going for? I reckon it's been going for about a minute and a half. It would have been faster to just search for properties myself.
I was just thinking that.
Oh, okay. Here we go. It took about a minute and a half, but let's have a witty look see. So it says it found 191 properties matching my criteria. Standalone homes and some townhouses. Pulled out forty eight listings. Did I say standalone? No, you didn't say standalone. You said I think three bedroom house maybe. Oh yeah. There's six homes. Okay, if there's six homes that are within one K, let's take a look see. Okay. Do we like that first one? Okay, what about this one?
How does the AI search handle basic criteria like price, bedrooms and train‑station proximity?
Well, this one's been renovated.
Oh yeah. Tell me about that one. Oh yeah. Asking price seven three nine.
Oh, that's quite tidy, isn't it? Oh, I'd live there.
It's not bad.
Oh, I would live there actually. There seems like pretty good value. 739K and Let's let's just go look at the map and make sure that it really is close to the train station. Oh, there it is right there. Oh yeah? It'd be uh two str uh two or three streets away. Oh, that's not bad. But must have been a recent flip. Look at that. Yeah, yeah. Sold sold in April for five eighty and so the renovation Oh, that would have been a good flip. Look how they've tied they've really tidied that up. So if they sell it for 700 and what did they want for it? 740.
739.
Yeah, 740. So about um 160K
extra. Okay, so the so it's done a pretty good job. Can I also refine that search as well? So say I said I only want to see something with a garage now. Can that carry on the conversation? Okay. It's thinking.
We're gonna be back in a minute. Well wait a second. Now it's saying there are twenty-one properties that are three bedrooms under 800k walking distance to this train station and has a garage space. So we've gone from six to twenty-one properties. So how does
It's found some more?
I don't know how that works. Oh yeah.
Can the AI tools accurately filter properties by yield and investment potential?
So here's one with a garage. How close is it? Asking price seven eight nine. I wanna know where's the train station? No. The train station's No, that's miles
away.
That's miles away, no.
That's not a quick walk.
Well let's find out, shall we? Trade me lied to us. Okay. We're gonna go Google Maps. So
it's a long drive.
Papakura train station. Well this says it's a two and a half K walk.
Yeah, no, that's too far.
Yeah, or two point one Ks. No, we ain't doing that. So what if I say to it, You lied to me? You idiot. Not all of these properties are within one kilometre of the trade station.
AR's gonna turn us off. As soon as it gets its ability, it's gonna it's gonna turn our life support off.
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Chapters
8 chapters
1
What is the new AI search feature on TradeMe and realestate.co.nz?
0:08–2:23
2
How does the AI search handle basic criteria like price, bedrooms and train‑station proximity?
2:23–3:47
3
Can the AI tools accurately filter properties by yield and investment potential?
3:47–5:26
4
What issues did the hosts encounter when the AI gave inaccurate distance or price data?
5:26–7:13
5
How does realestate.co.nz’s AI differ – voice input, image search and multiple bots?
7:13–9:52
6
Why can’t the AI currently pull off‑market listings or detailed CV data?
9:52–11:53
7
What practical work‑arounds (e.g., manual yield calculations or custom code) did the hosts suggest?
11:53–13:58
8
Is AI‑driven property search a game‑changer for NZ home buyers or just a gimmick?
13:58–16:22
Speakers
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