More than half of New Zealanders will be renting within 25 years if the shift away from home ownership continues.
Sunday, August 11th 2002, 2:45PM
by The Landlord
And that is likely to put renewed pressure on rents, which in Auckland have increased an average of 10% in the past two years.
Recent census figures confirmed New Zealand's rate of home ownership had slipped to its lowest level since the mid-'50s.
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