Housing tenure
The Housing Tenure Aspirations and Attainment research was conducted by DTZ New Zealand, UMR Research, Dr Philip Morrison of Victoria University of Wellington, and Davies Associates.
It includes research on: home ownership aspirations and attainment; changes in the patterns of home ownership and rentals in New Zealand since the early 1990s; and projections for household demand across New Zealand and by region to 2016.
It shows that New Zealanders’ aspirations to own their own homes remain high, although home ownership rates are to continue to fall from 68% of households in 2001 to 61.8% by 2016. While the actual number of households owning is increasing, the growth in the number of households renting is growing faster.
It also shows a projected strong growth in demand for both owned and rented accommodation, particularly in the Auckland region and upper half of the North Island, which the report says will require significant government and non-government capital. The number of households headed by persons aged 65 years and over is also expected to increase.
The full report, Housing Tenure Aspirations and Attainment, and a summary are available on www.chranz.co.nz
