PHOTO: 123RF.COM The value of some Kiwis’ homes rose almost $100,000 over the past three years. That’s a lot.
The net worth of the wealthiest 20 per cent of New Zealand households has risen $394,000 since 2015, while the bottom 40 per cent have seen no increase, Statistics New Zealand says.
The median net worth of the typical Kiwi household in the June 2018 year was $340,000, up from $289,000 in the year to June 2015 – mainly reflecting rising property values. Among the richest 20 per cent the median was $1.75 million.
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