Dramatic Fall In Home Ownership

The last census has thrown more interesting facts.  Home ownership is slipping away rapidly and if the fall continues at the same
rate, our children and grand children will never own their own homes.
The question is therefore:  If less than half the homes in the country are owned by their occupants, who owns the rest?


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About half of people aged 15 years and over own their Home
The data on home ownership by individuals showed that the percentage who owned their home fell to just under half. In 2013, 49.8 percent of people aged 15 years and over owned or partly owned the home they lived in, compared with 53.2 percent in 2006.

Home ownership was highest for those aged 70–74 years, at 77.5 percent.

A drop in home ownership occurred across all age groups, from those in their 20s to those in their 70s. The largest falls were for those in their 30s and 40s. In 2013, 43.0 percent of people aged 30–39 years owned their home – down from 54.6 percent in 2001. For those in their 40s, 60.8 percent owned their home in 2013, down from 71.5 percent in 2001.

link:

http://www.stats.govt.nz/Census/2013-census/profile-and-summary-reports/quickstats-about-housing/home-ownership-individuals.aspx

 

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