New Zealand’s biggest non-export industry is property: report

  • Property is now New Zealand’s largest non-export industry, a $83 billion dollar business.

A report commissioned by the Property Council found that property directly contributed $29.8b to the economy – about 13 per cent of gross domestic product, more than manufacturing, agriculture or health.

And every dollar the property industry generated makes $1.80, in a range of indirect industries or spending by property-related employees.

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ROB KITCHIN/FAIRFAX NZ

Wellington valuer Gwendoline Callaghan has found her career in property to be very stimulating.