Home ownership rates have dropped below 60 percent, and data indicates this figure could get lower.

New research commissioned by Westpac says home ownership figures will fall as low as 50 percent by 2050.

The bank has since pledged to lend $1 billion over the next three years to fund affordable housing.

CEO Catherine McGrath says it's critical to ensure home ownership becomes available to more New Zealanders. 

LISTEN ABOVE

Home ownership rates have dropped below 60 percent, and data indicates this figure could get lower.
New research commissioned by Westpac says home ownership figures will fall as low as 50 percent by 2050.
The bank has since pledged to lend $1 billion over the next three years to fund affordable housing.
CEO Catherine McGrath says it's critical to ensure home ownership becomes available to more New Zealanders. 
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

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