{"id":163479,"date":"2025-12-02T04:19:12","date_gmt":"2025-12-02T04:19:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/163479\/"},"modified":"2025-12-02T04:19:12","modified_gmt":"2025-12-02T04:19:12","slug":"home-ownership-at-the-core-of-the-kiwi-dream-but-85-percent-given-up-hope-survey","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/163479\/","title":{"rendered":"Home ownership at the core of the ‘Kiwi Dream’, but 85 percent ‘given up hope’ – survey"},"content":{"rendered":"

\"Stylised<\/p>\n

\nConfidence in achieving home-ownership is improving, but 57 percent still feel locked out of the market.
\nPhoto: RNZ\n<\/p>\n

Kiwibank survey shows 85 percent want to own their own home
\n43 percent of non-owners think they will never own one
\nMore than half of non-owners feel locked out of property market
\nCost of living, high prices, getting a deposit are barriers
\nWould-be owners flexible in achieving their goal<\/p>\n

The impulse to own a house<\/a> remains a core driver for many New Zealanders seeking security and future wealth, but a large number think that will never happen, according to a new bank survey.<\/p>\n

The second Kiwibank State of Home Ownership report showed 85 percent of respondents agreed home ownership was at the core of what it called the “Kiwi Dream”, unchanged from the 2024 report.<\/p>\n

Confidence in achieving that was improving, but 57 percent still felt locked out of the market<\/a>, and 46 percent of non-owners said they had “given up hope” of their own house.<\/p>\n

Kiwibank chief executive Steve Jurkovich said the survey showed that home ownership was core to the New Zealand identity, and there was a resilience and determination to get on the property ladder.<\/p>\n

“While optimism about getting on the ladder has lifted, many Kiwi still feel locked out. Yet, true to Kiwi spirit, they’re willing to adapt and compromise to achieve their dream of home ownership.”<\/p>\n

\"Kiwibank<\/p>\n

\nKiwibank chief executive Steve Jurkovich.
\nPhoto: Supplied \/ Kiwibank\n<\/p>\n

Barriers to ownership<\/p>\n

The main difficulties in getting on the ladder were named as the cost of living, high house prices<\/a>, and difficulty in saving a deposit .<\/p>\n

Jurkovich said the survey showed would-be owners being more adaptable in finding ways to buy a property.<\/p>\n

“That includes exploring non-traditional pathways like co-ownership … or relocating to a different region.”<\/p>\n

Other options included buying a smaller house, moving in with family and friends to save money, and going overseas.<\/p>\n

Younger age groups — 18-29 year olds (Gen Z) and those between 30 and 44 (millennials) — were the most eager to buy a house and the most confident of eventually doing so.<\/p>\n

Jurkovich said once people had bought a house they were determined to pay off the mortgage, with a third saying they were in better financial shape than a year ago and 82 percent saying it was their top priority.<\/p>\n

“Around 40 percent of our fixed-rate home loan customers are making extra payments each month, putting them on track to clear their loans sooner. It’s a strong signal of Kiwi commitment to financial security.”<\/p>\n

He said lower interest rates and the easing in the loan to value ratios should benefit would-be home buyers.<\/p>\n

Sign up for Ng\u0101 Pitopito K\u014drero<\/a>, a daily newsletter curated by our editors and delivered straight to your inbox every weekday.<\/p>\n","protected":false},"excerpt":{"rendered":"Confidence in achieving home-ownership is improving, but 57 percent still feel locked out of the market. Photo: RNZ…\n","protected":false},"author":2,"featured_media":163480,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[964,114,904,184,85,46,43,965,963,961,962],"class_list":["post-163479","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-audio","tag-business","tag-current-affairs","tag-economy","tag-il","tag-israel","tag-news","tag-podcasts","tag-public-radio","tag-radio-new-zealand","tag-rnz"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/163479","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=163479"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/163479\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/163480"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=163479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=163479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=163479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}