Post sponsored by

Source: MIL-OSI Submissions

Homeownership rate lowest in almost 70 years – Media release

8 December 2020

The proportion of people living in their own home was the lowest in almost 70 years at the time of the 2018 Census, and homeownership is becoming much less common for younger people, Stats NZ said today.

A new report Housing in Aotearoa: 2020 brings together a range of housing information, including homeownership data, to paint a picture of the state of housing in New Zealand today.

Census data shows that homeownership peaked in the 1990s at 74 percent and by 2018 had fallen to 65 percent of households, the lowest rate since 1951. However, homeownership rates appear to have been more stable between 2013 and 2018.

Visit our website to read this news story and report: