dec 17, 2020 - Home ownership at lowest level since 1951

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The number of New Zealanders who own their own homes has dropped to the lowest level in almost 70 years.

At the time of the 2018 census, 64.5 per cent of households owned their own homes, according to data in a new Stats NZ report, Housing in Aotearoa: 2020.

Not only is that down from the peak of 73.8 per cent in the 1990s, it’s the lowest rate since 1951, when just 61.5 per cent of households owned their homes.

While homeownership rates had fallen in every region since 1991, the largest decline was in Auckland. Homeownership in the supercity dropped from 72.7 per cent in 1991 to 59.4 per cent in 2018.

Source: https://www.stuff.co.nz/life-style/homed/housing-affordability/123629581/home-ownership-at-lowest-level-since-1951

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