News
Treasury releases housing investment survey
Tuesday 1st of August 2006
and with a wider set of countries.
An exception is that younger age groups in New Zealand hold more investment property than their counterparts in the USA and Australia.
In New Zealand, almost one in 10 couples owned rental property in 2001, while one in five owned some form of investment property. Forty-four per cent of couples and 56% of individual homeowners have debt-free residential properties.
According to the report, from 1980 to 2005, the annual average rate of household saving based on estimates from household balance sheets was 12.4% of personal disposable income, after removing the effect of changes in house price.
On average, a rise of $1 in housing net equity is associated with 10 cents of apparent equity withdrawal.
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