New household tenure data from Statistics New Zealand shows that the number of households renting has increased significantly over the last 10 years.
As at 31 March 2006, there were 1,546,300 households in this country, of which 1,033,900 were owner-occupiers (67%) and 446,500 (29%) were renters.
By 31 March 2016, the estimated number of households had gone up to 1,696,500 (up 150,200 or 9.8%).
Of those households, 555,900 were renting (up 109,400 or 24.5%), while 1,077,000 were owner-occupied (up 43,100 or 4.2%).
Statistics New Zealand data also shows that in the years between June 1991 and September 2015 the proportion of owner-occupied households dropped from 74% to 64%.
