News

Reserve Bank urges asset diversification – again

Friday 17th of November 2006

Housing is an average of 75% of household assets in New Zealand: this compares to about 60% in Australia, 50% in the United Kingdom and 40% in the United States.

The Reserve Bank concedes there are plenty of factors pointing New Zealanders towards housing over other assets – tax, a feeling the house is a more “real asset” than financial assets, preparation of banks...

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