Statistics NZ produced figures yesterday to show that, on average, New Zealand households paid no more for housing costs in 2019 than they did in 2018.
The organisation’s income & poverty statistics manager, Chris Pooch, said: “While rents increased, and mortgage interest payments & property rates decreased, overall housing costs remained unchanged.”
That’s striking an average between tenants’ costs rising & landlords’ costs falling.
The figures are annual, to June.
The consumers price index showed rents nationally up 2.5%, nearly a third of households spent 30% or more of their total household income on housing costs, and renters were about twice as likely as homeowners to spend 40% or more of their household income on housing costs.
As I’ve only glanced at the tables of statistics, I’ll come back with further detail.
Attribution: Statistics NZ release.