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Rationale

'Tenure of household' is a key social variable that is used by central and local government to help assess current and future housing needs. Tenure of household is also a key economic indicator used by government and other economic analysts as a measure of home ownership and housing affordability for low- to middle-income New Zealanders.

Within Statistics New Zealand, information on tenure is used along with 'sector of landlord', 'rent paid', and 'number of rooms', to establish weights in the Consumers Price Index (CPI) for the rental of dwellings and home ownership costs. The information is also used by Statistics NZ's National Accounts team, together with number of rooms and rent paid to compile estimates of the value of imputed rental income from owner-occupied homes, and to establish a reference benchmark for the production account of the residential sector of the rental industry. These estimates, in turn, contribute to the estimates of the value of household consumption and the contribution to gross domestic product of the rental industry.

In 2008, a new category has been added to the standard – 'family trusts' classifies households in private dwellings according to whether the household owns or holds the dwelling in a family trust, where either the trustees or beneficiaries reside in that same dwelling.

The secondary objective of the standard is to capture any payments made by someone in the household for the dwelling, even if it is held in a family trust. The payments of interest include mortgage and rent payments. These payments are included regardless of whether or not a member of the household makes the payment directly or via a trust.

Classification of tenure of household

Tenure of household is an output classification derived from the following input classifications:

  • mortgage payments
  • ownership of dwelling
  • rent indicator

Tenure of household is a two-level hierarchical classification with eight categories at the highest level and 14 categories at the lowest level.

 

Tenure of household

Classification Tenure of Household – Standard Classification
Abbreviation TENHOUSE
Version V2.0
Effective date 16/12/2008

 

Mortgage payments

Classification Mortgage Payments Classification
Abbreviation MORTPAY
Version V2.0
Effective date 16/12/2008

 

Ownership of dwelling

Classification Ownership of Dwelling Classification
Abbreviation OWNDWEL
Version V3.0
Effective date 16/12/2008

 

Rent indicator

Classification Rent Indicator Classification
Abbreviation RENTIND
Version V3.0
Effective date 16/12/2008
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