Home ownership rates continue to drop

Jan 11, 2017 | News

Herald On Sunday Photograph by Doug Sherring

A record high of 73.8 per cent (848,916) was last recorded 26 years ago in 1991 – 10 per cent more than the latest figures. Renters in the same time period made up only about 23 per cent of the total.

See the NZ Herald article here.

Statistics New Zealand Dwelling and Household Estimates data released on 10 January 2017 showed of the 1.8 million homes, 1.2m were owner-occupied in December 2016 and 604,900 were renting.

You can go here to find the data for:

1. Private dwelling estimates by tenure, March 1991–December 2016

2. Household estimates by tenure, June 1991–December 2016

The Labour Party are saying a cross-party approach to address the low home ownership rates.

See more here.

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