Home ownership at 70-year low

Tue, 08 Dec 2020

High net migration, an ageing population and tourism are among the factors contributing to a supply and demand imbalance in New Zealand's housing market in recent years that's seen ownership rates at their lowest in almost seven decades.That's among the findings of a report from Stats NZ and the Building Research Association of New Zealand, Housing in Aotearoa: 2020, released today.These factors have helped push home ownership rates down to their lowest levels since since 1951, the year of the 151-day waterfront dispute, NZ's bi...

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