Home ownership in New Zealand continued to decline to the lowest level since 1951, with a 30-year decline hitting those in their 20s and 30s hardest. Statistics New Zealand said the proportion of 25- to 29-year-olds living in an owner-occupier home actually climbed between 2013 and 2019. Photo / File"Home ownership rates for younger people have seen significant falls since the 1990s; however, ownership rates for those aged 60 years and over have only fallen slightly," the report's lead author, Dr Rosemary Goodyear said. The decline varied by region, with Auckland showing the biggest decline, while in parts of the country, home ownership rates remain above 75 per cent. Ownership since 1991 has declined in every region.

Source: New Zealand Herald December 07, 2020 21:46 UTC