House Prices

Fewer people buying own homes

Fewer people are buying their own homes than 20 years ago even though it has never been easier to raise finance, a new report says.

Sunday, June 06th 2004

In changes likely to have long-term effects on New Zealand housing patterns, homes have become less affordable and owners have to spend bigger proportions of their income on housing costs, the report says.

That has led to the number of people renting homes increasing dramatically since the early 1980s, and house buyers are generally older.

There have also been significant changes in the makeup of households, which will influence demand for housing in the future.

The report analysing changes in the housing sector in the past 20 years was carried out by DTZ New Zealand for the Centre for Housing Research.

It says property values have increased significantly, especially in the main centres and coastal areas.

Read More - Opens in a new window

Most Read

Unity First Home Buyer special 3.99
SBS FirstHome Combo 3.99
TSB Special 4.39
Co-operative Bank - First Home Special 4.39
ICBC 4.39
SBS Bank Special 4.49
Unity Special 4.49
ANZ Special 4.49
Westpac Special 4.49
Kiwibank Special 4.49
Co-operative Bank - Owner Occ 4.49
ICBC 4.59
ANZ Special 4.69
TSB Special 4.69
BNZ - Std 4.69
Wairarapa Building Society 4.79
Nelson Building Society 4.87
Westpac Special 4.89
Co-operative Bank - Owner Occ 4.89
Kiwibank Special 4.89
SBS Bank Special 4.89
Unity Special 4.89
ICBC 5.19
Westpac Special 5.29
TSB Special 5.29
BNZ - Std 5.29
SBS Bank Special 5.69
Co-operative Bank - Owner Occ 5.69
Kainga Ora 5.69
ASB Bank 5.69
AIA - Go Home Loans 5.69
Kiwibank Special 5.79
Westpac 5.89
SBS FirstHome Combo 3.29
AIA - Back My Build 3.34
SBS Construction lending for FHB 3.74
CFML 321 Loans 3.95
Co-operative Bank - Owner Occ 4.99
Co-operative Bank - Standard 4.99
Heartland Bank - Online 5.30
ICBC 5.39
Kiwibank - Offset 5.65
Kiwibank 5.75
Unity Standard 5.79

More Stories

Thursday, February 19th 2026

RBNZ expects slower house price growth in the current recovery

The Reserve Bank thinks house prices will rise at a much slower pace during the current recovery than they have in past cycles.

Wednesday, January 07th 2026

Queenstown not off the radar for first home buyers

First home buyers are not being deterred by Queenstown’s soaring house prices.

Record levels of first home buyers taking out low deposit loans

Tuesday, December 23rd 2025

Record levels of first home buyers taking out low deposit loans

About half of all first home buyer lending has been done at a less than 20% deposit in recent months.

Buyers sitting on the sidelines in best time to buy in a decade

Thursday, December 04th 2025

Buyers sitting on the sidelines in best time to buy in a decade

Stable house prices, low interest rates and plenty of houses to choose from are still not enticing buyers.