NZ home ownership crashes to 70-year low

New Zealand’s home ownership rate has plunged to 70-year lows, according to the latest Census:

According to the 2018 census, only 64.5 per cent of New Zealanders own their own home, compared to nearly 74 per cent in the early 1990s.

Shamubeel Eaqub said it was driven by a lack of affordability in New Zealand.

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