A recent report highlights the significant challenges faced by Gen Z and millennials trying to enter the housing market, with the number of first-time homebuyers falling to half of the historical average. This decline reflects the rising costs of real estate, stagnant wages, and accruing student debt, all of which are widening the gap between young adults and homeownership. The report delves into how these economic barriers are pushing potential young buyers out of the market, causing many to continue renting or remain with family longer than previous generations. As affordability continues to slip away, industry experts express concern about the long-term implications for market dynamics and housing supply. While some governments and financial institutions are attempting to introduce initiatives to aid first-time buyers, the effectiveness and accessibility of these measures remain topics of debate. The situation underscores the urgent need for sustainable housing solutions tailored to the financial realities of Gen Z and millennial consumers. This growing trend not only impacts the demographic’s financial stability but also alters traditional life milestones typically associated with homeownership.
FortuneNew data shows KiwiSaver managers underperforming in returns
June 3, 2026
Recent analysis indicates that the largest KiwiSaver managers in New Zealand are currently underperforming, raising concerns among investors about returns on their retirement savings. The