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Housing affairs: Young Kiwis turning to Tinder to find mortgage mates

Housing affairs: Young Kiwis turning to Tinder to find mortgage mates

Eden Park stadium stands surrounded by residential houses

All over the world, people use Tinder in search of a partner that they could spend time and connect. However, in New Zealand, the dating app is being used by aspiring first-time homebuyers asking for a prospective partner that might assist them in acquiring a house.

According to data provided by Tinder, the number of Kiwis mentioning that they were looking for a partner to buy a house in their Tinder profile had more than doubled.

A Tinder spokeswoman told a New Zealand-based news outlet ‘Stuff’ thatthe phrase “buy a house” in new users’ bios increased by 2.6 times between June 2020 and June 2021.

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The bio is the area of Tinder users’ profiles where they can write about themselves, and outline what they are looking for in a partner.

Tinder provided examples of bios, ranging from light-hearted playful to pure transactional.

“Apparently it's easier to buy a house with someone else. Genuine outdoors bloke looking to settle down hopefully,” a user wrote.

“Bank told me I needed to find a partner to buy a house,” said another one.

“Just want someone to buy a house with, nothing serious,” said a prospective home buyer.

“Apparently it’s easier to buy a house with someone else. Genuine outdoors bloke looking to settle down hopefully,” one man wrote.

“Looking for someone to combine incomes with so we can buy a house using the Kiwibuild $180,000 couples limit,” said another.

However, despite the playful nature of these posts, the growing number of users seeking house also points to a large problem that young Kiwis are facing—housing affordability.

According to local media reports, the average house price across the island nation has soared to NZ $906,532 (approximately US $643,982), up 22% since this time last year.

For the vast majority of homebuyers, banks seek a 20% deposit, and across the country, which means the buyer has to shell out NZ $181,306— which is more than 3.2 times New Zealand’s average annual wage.

Consumer NZ’s survey found that 20% of New Zealanders said they were saving for a deposit but couldn’t catch up, and 42% said they were locked out completely – a total of 62%.

(With inputs from agencies)