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17 Sep 2021 9:22
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  •   Home > News > Business

    Our booming property industry's grown by 19.6-billion-dollars in a decade

    Our booming property industry's grown by 19.6-billion-dollars in a decade


    That's according to a report commissioned by the Property Council -- which found the sector makes up 15 per cent of total Gross Domestic Product.

    Its Chief Executive says what's more interesting is the number of Kiwis unconsciously investing in property through Kiwisaver.

    Leonie Freeman says across all 29 of New Zealand's Kiwisaver schemes, 3.3-billion dollars is invested into property.

    She says if the public wants to see what a typical commercial property investor looks like... pick up a mirror.

    © 2021 Newstalk ZB, NZCity

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