New Zealand's second-hand market surged to $5.5 billion

The second-hand market in New Zealand grew by half a billion dollars last year, reaching a total of $5.5 billion. A survey found that 81 million items were sold, with 89 percent of respondents buying second-hand goods in the past six months. The main reasons for selling items were to create space and make extra money, though the desire for cash decreased by 10 percent. Buying second-hand was primarily motivated by saving money, with 71 percent of respondents citing this reason. Women were more likely to buy second-hand items, with 91 percent participating compared to 85 percent of men. The survey also highlighted that Gen Z shoppers were the most active, with 94 percent purchasing second-hand items recently.