Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Kiwis Go Online As Economic Conditions Contract

Media Release

25 October 2008

Kiwis Go Online As Economic Conditions Contract

New Zealanders are turning to internet sales for additional cash according to the latest sales figures from Trade Me.

``As economic conditions contract we are see increasing numbers of people selling their household and recreational items,’’ said Trade Me’s head of commercial, Mike O’Donnell.

The online marketplace has seen listings increase by up to 20% in categories such as trampolines, sporting equipment, toys, mobile phones and whitewear. All of these categories now have sell through rates of over 40%.

``We’re also seeing increasing numbers of retail businesses listing new items for sale as they try to expanding the size of their buying audience.’’

Over 47% of goods on Trade Me are now new goods, a far cry from early days as an online garage sale. In addition the number of luxury cars listed for sale has increased, with strong growth in Ferraris, Bentleys and Maseratis. The site has even had to create a new category for Lamborghinis.

Trade Me’s property and job websites have also started to see signs of a seasonal spring flush, with a large inflow over the last month.

Over 1800 new house listings have been put up for sale over the last four weeks, and over the same period the number of $100,000+ jobs has increased 20%.


© Scoop Media

Business Headlines | Sci-Tech Headlines


By May 2018: Wider, Earlier Microbead Ban

The sale and manufacture of wash-off products containing plastic microbeads will be banned in New Zealand earlier than previously expected, Associate Environment Minister Scott Simpson announced today. More>>


Snail-ier Mail: NZ Post To Ditch FastPost

New Zealand Post customers will see a change to how they can send priority mail from 1 January 2018. The FastPost service will no longer be available from this date. More>>


Property Institute: English Backs Of Debt To Income Plan

Property Institute of New Zealand Chief Executive Ashley Church is applauding today’s decision, by Prime Minister Bill English, to take Debt-to-income ratios off the table as a tool available to the Reserve Bank. More>>


Divesting: NZ Super Fund Shifts Passive Equities To Low-Carbon

The NZ$35 billion NZ Super Fund’s NZ$14 billion global passive equity portfolio, 40% of the overall Fund, is now low-carbon, the Guardians of New Zealand Superannuation announced today. More>>


Split Decision - Appeal Planned: EPA Allows Taranaki Bight Seabed Mine

The Decision-making Committee, appointed by the Board of the Environmental Protection Authority to decide a marine consent application by Trans-Tasman Resources Ltd, has granted consent, subject to conditions, for the company to mine iron sands off the South Taranaki Bight. More>>