Source: Statistics New Zealand
Home ownership increases and housing quality improves – media release – 3 October 2024 – 2023 Census data shows home ownership has increased and housing quality has improved, according to statistics released by Stats NZ today.
Around two-thirds of households in Aotearoa New Zealand (1,175,217 or 66.0 percent) now own their home or hold it in a family trust, compared with 64.5 percent in 2018.
“This increase in home ownership, although small, is a reversal of the falling rates we have seen since home ownership peaked in the early 1990s,” Stats NZ principal analyst Rosemary Goodyear said.
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