The Kiwi dream of home ownership is still alive, but it’s becoming harder to make a reality for most younger New Zealanders.
That’s the finding of ‘Money and You: Generation Rent’, new research from the Financial Services Council [FSC] that asked New Zealanders for their views on home ownership and highlights the particular challenges facing younger Kiwis.
‘Generation Rent’ (aged 18-39), makes up 1.5 million New Zealanders, and of that group approx. 40% own a home, leaving the remaining 60% (916,000,) as renters.
Read the media release and the full research report, 'Money and You: Generation Rent'.