| Average | 2015 |
| Quintile 1 | 22000 |
| Quintile 2 | 43000 |
| Quintile 3 | 83000 |
| Quintile 4 | 126000 |
| Quintile 5 | 170000 |
| 15000 | 29000 |
|---|
| 34000 | 52000 |
| 72000 | 94000 |
| 111000 | 141000 |
| 150000 | 190000 |
| Average | 2018 |
| Quintile 1 | 21000 |
| Quintile 2 | 55000 |
| Quintile 3 | 112000 |
| Quintile 4 | 162000 |
| Quintile 5 | 246000 |
| 16000 | 26000 |
|---|
| 42000 | 68000 |
| 97000 | 127000 |
| 142000 | 182000 |
| 210000 | 282000 |
| Average | 2021 |
| Quintile 1 | 44000 |
| Quintile 2 | 59000 |
| Quintile 3 | 125000 |
| Quintile 4 | 181000 |
| Quintile 5 | 319000 |
| 33000 | 55000 |
|---|
| 48000 | 70000 |
| 110000 | 140000 |
| 160000 | 202000 |
| 288000 | 350000 |
Looking at debt for individuals over the age of 15, rather than households, average (mean) individual debt has increased 24 percent since 2018. As seen with households, property loans increased significantly at the individual level, with an average debt of $188,000 per person. This is an increase of $37,000 from the year ended June 2018.
Given the complexity of financial arrangements, liabilities in trusts are treated separately in Stats NZ's household net worth statistics, but insights are possible, particularly on real estate. When assets and liabilities on trusts are included, for every $100 of property owned by New Zealand households, they owe $25 dollars in real estate loans. Loans on real estate, including in trusts, increased by 31 percent between 2018 and 2021.
/Stats NZ Public Release. This material from the originating organization/author(s) might be of the point-in-time nature, and edited for clarity, style and length. Mirage.News does not take institutional positions or sides, and all views, positions, and conclusions expressed herein are solely those of the author(s).View in full
here.
