The Housing Haves and Have-Nots
the house price boom and inequality of wealth in New Zealand
Keywords:wealth, inequality, housing, Gini coefficient
The rise in house prices since the turn of the millennium seems likely to have increased the inequality of wealth in New Zealand. On average, house-owners were wealthier than others before the boom, and during the boom real house prices more than doubled. Yet the available data shows little evidence of an increase in inequality in wealth or even of a growing proportional disparity between the net wealth of property owners and others. Difficulties in accurately measuring these changes in wealth are reviewed.
Permission: In the interest of promoting debate and wider dissemination, the IGPS encourages use of all or part of the articles appearing in PQ, where there is no element of commercial gain. Appropriate acknowledgement of both author and source should be made in all cases. The IGPS retains copyright. Please direct requests for permission to reprint articles from this publication to email@example.com.