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Property’s economic contribution tops $50b, while KiwiSaver lags

Report highlights bricks and mortar as country’s biggest economic contributor, although makes up only 3.3% of KiwiSaver retirement savings portfolio.

Property and housing represents NZ’s biggest sector.

NBR Staff Thu, 12 Sep 2024

Property continues to underwrite New Zealand’s wealth, last year generating $50.2 billion, or 15% of the country’s gross domestic product, a new report says.

A property industry impact report, prepared by the Property Council NZ and Urban Economics, positions the sector’s broader economic

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NBR Staff Thu, 12 Sep 2024
Contact the Writer: editor@nbr.co.nz
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Property’s economic contribution tops $50b, while KiwiSaver lags
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