Housing tenure
Most New Zealand householders own their own homes but they are
less likely to do so than in the past.
Between 1991 and 2001, the proportion of New Zealand
households owning their dwellings either with or without a mortgage or
in a family trust fell from 74 percent to 68 percent. Since 2001 the
decline has been less marked, with a fall from 68 percent to 67 percent
in 2006.10 Between 2001 and 2006, there
was a decline in home ownership among all age groups from 25–74 years
but it was most marked among those aged between 35–54 years. The
proportion of 35–44 year olds who owned or partly owned their own
dwellings fell from 65 percent to 61 percent over the five years, while
among 45–54 year olds the figure fell from 76 percent to 72 percent.
The only age group to experience a significant increase in home
ownership was the 75 years and over age group. |