Less of half of the population to own house in next 25 years

The Deloitte report, commissioned by Westpac, found less than 60% of New Zealanders own their home and that this number will continue to decline based on current trends. It comes as Westpac pledges to lend at least a billion dollars for shared home ownership options, which it said 152,000 low and middle income New Zealanders could be eligible for, Jessica Hopkins reports.