The sad death of the Kiwi dream

Statistics New Zealand has released data showing that the growth in renting households continues to dwarf the growth in owner-occupied households:

The number of households renting their homes is increasing at almost twice the rate of those who own their own homes, according to the latest estimates from Statistics New Zealand.

Statistics NZ estimates there were 1,771,300 NZ households at the end of June, up 24,300, or 1.4%, compared to June last year.

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