Where do rich people live NZ?

CoreLogic senior researcher Kelvin Davidson said that New Zealand's luxury residential property market tended to be centred in Auckland: figures showed that all 31 sales of $10 million-plus freehold residential properties in the past five years in New Zealand were in the region.

Where do the wealthy live in New Zealand?

With over one hundred Auckland suburbs sitting on or around the average sales price of one million dollars, it's not surprising that the Auckland region is the obvious leader in the luxury housing market in New Zealand.

What is the wealthiest town in NZ?

Queenstown and the Lakes District, the South Island's internationally renowned tourist area, has been rated as New Zealand's most affluent place to live.

What is considered rich in New Zealand?

Those in the wealthiest 20 percent have median financial assets of $1.11 million in the year ended June 2021, whereas those in the bottom 20 percent had a median value of $9,000. New Zealanders' net worth typically increases with age until around retirement.

Are there wealthy people in New Zealand?

New Zealanders have the fourth-largest median wealth per adult in the world, a new report says. The Credit Suisse Global Wealth Report for 2021 puts Australia at the top of the global rankings of median wealth, measured in US dollars. Australians had a median wealth per adult of US$238,070 (NZ$339,760) in 2020.

What It's Like To Be A Billionaire In New Zealand

Who is the richest family in NZ?

Packaging magnate Graeme Hart remains the richest individual with an estimated $12 billion fortune while film makers Sir Peter Jackson and Dame Fran Walsh join the billionaire club thanks to the $2.3b sale of Weta Digital's technology in 2021.

Who owns most of New Zealand?

Newton's investigation reveals that in total 56 percent of New Zealand is privately owned land. Within that 3.3 percent is in foreign hands and 6.7 percent is Maori-owned. At least 28 percent of the entire country is in public ownership, compared with say the UK where only eight percent is public land.

Is $70000 a good salary in New Zealand?

Labour MP Deborah Russell and National MP Stuart Smith weighed in on the issue this week. Almost half of Auckland households earning between $70,000 and $100,000 a year say they are just able to make ends meet. Commentators said what would count as "wealthy" in New Zealand in 2019 was subjective.

How many billionaires are there in NZ?

The number of billionaires in New Zealand has risen to 14, including individuals and families, who collectively hold wealth of $36.8 billion, according to NBR's latest Rich List. The richest of them, Graham Hart has wealth of $12b.

What is the rich area of Auckland?

The map shows that Herne Bay in Auckland is still New Zealand's most expensive suburb with a median property value of $3.6 million, up $558,050 or 18.3 per cent compared to December 2020. Herne Bay also registered a gain of more than $550,000, alongside Arrowtown, Jacks Point, and Lake Hayes in Queenstown.

What is the poorest town in New Zealand?

Kawerau is New Zealand's poorest town. It has the country's lowest average income, its highest share of sole parents and beneficiaries, and has been dominated for 30 years by the Mongrel Mob.

Does Bill Gates own land in NZ?

Another hedge fund billionaire, Paul Tudor Jones II, has large properties in New Zealand. Bill Gates has property in Nelson, New Zealand's sunniest region, at the northwestern tip of South Island.

What is the richest suburb?

Is New Zealand richer than Australia?

Australians are a third richer than New Zealanders. Per capita GDP (adjusted for purchasing power parity) is NZ$48,000 in Australia compared to just NZ$36,400 in New Zealand. This difference is remarkable given that the two countries enjoyed the same level of income for most of the twentieth century.

What is the average wealth of a New Zealander?

For the year ended June 2021: Median net worth of New Zealand households was $397,000; up 21 percent from $328,000 for the year ended June 2018. The increase in net worth was largely driven by an increase in the value of owner-occupied dwellings, other real estate, and property held in family trusts.

What is upper class in NZ?

Stats NZ data shows that to be in the top 1 per cent on an individual level in New Zealand, you need to have assets of $3.89 million. To be in the top 5 per cent, you need to clear $1.4m. On a household level, you get to 1 per cent with combined assets of $7.8 million.

Is 120k a year rich?

The median income for the US was $67,512 in 2020. This means that a salary of $120,000 is around double the US median household income, and it is almost four times the average single person income – only very high earners earn significantly above this.

How much do doctors earn NZ?

Registrars working for a district health board (DHB) usually earn between $72,000 and $182,000 a year. Qualified physicians working for a DHB usually earn between $155,000 and $219,000. Physicians working in the private sector can earn more than this. Those at the top level can earn up to $600,000.

Are farmers rich NZ?

Farmers, we are in the land business. It may not seem like it, but most New Zealand farmers are wealthy or potentially so, particularly if you compare them with their cousins in town.

Who is the biggest investor in New Zealand?

The United States and Canada were New Zealand's biggest foreign investors over the last three years, followed closely by Australia, China and Singapore, says KPMG in an analysis Overseas Investment Office (OIO) approvals.

How many NZ own a house?

According to Stats NZ, 64.5 percent of New Zealand households own property - the lowest rate in 70 years. Unsurprisingly, if you're young, the chances of owning a home is even less. In 2018, only 44 percent of people aged 25 to 29 lived in an owner-occupied home, down from 61 percent in 1991.

What is the highest paying job NZ?

The highest-paying job in New Zealand is that of CEO or Managing Director. They earn, on the low end, around NZ$120,000 per year and, on average, around NZ$560,000 per year. On the high end, they can earn as much as NZ$4.5 million per year!

What is middle class in NZ?

When it comes to the middle classes – the 40% of the country who are above the mid-point but below the wealthiest 10% – have a higher net worth, on average $352,000, most of it tied up in housing. Overall, the wealthiest 10% have 59% of all the country's assets, and the middle classes around 39%.

Who is the wealthiest New Zealander?

The rich list, which shows off New Zealand's wealthiest people, was published by The National Business Review (NBR) on Monday. Graeme Hart, worth more than $12 billion, topped the list once again. His estimated net worth was up from $11 billion in 2020.