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Source: MIL-OSI Submissions

New
data shows household net worth increases on the back of rising asset values
– Media release

22 July 2021

Rising asset values resulted in a 5.5 percent
increase in household net worth in the March 2021 quarter compared with
December 2020, Stats NZ said today.  

“Rising asset prices, including property
prices, have meant that the total net worth of New Zealand households has
increased strongly in recent quarters,” national accounts senior manager
Paul Pascoe said.

Net worth is the value of all assets owned
by households less the value of all their liabilities. At 31 March 2021,
the net worth of New Zealand households was $2.3 trillion. This was $118
billion, or 5.5 percent, higher than at 31 December 2020.

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