Private property investors chip in $24.8b to economy
Private residential investors contributed six times more to GDP than public housing providers in 2024, Infometrics data shows.
New Zealand’s residential housing book is valued at $1.66 trillion.
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Private property investors accounted for 5.9% of New Zealand’s GDP two years ago, according to analysis by economic consultancy Infometrics.
In 2024, that came in at $24.8 billion of direct and indirect spending, of which almost half, or $10.7b, represented new builds. That’s from a total spend
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