People are paying off their mortgages at a faster rate than they are signing up for them, newly released census data suggests.
There is also an increasing trend for people to own their homes through a family trust and the number of households renting a home is also growing strongly.
That information was in a swag of census data released by Statistics NZ this week.
It showed that between the 2006 and 2013 censuses, the number of households making mortgage payments, either on a property they owned themselves or through a family trust, increased by 2.7% to 490,812.
But over the same period, the number of households living in their own home and not making mortgage payments (ie, were mortgage free) increased by 5.8% to 416,772.
That means that among homeowners, those without a mortgage are growing at more than twice the pace as those who have a mortgage, and the gap between the two is narrowing.
In 2006, there were 84,219 (17.6%) more home owning households with a mortgage than there were without a mortgage, while in 2013 that number had reduced to 74,040 (15.1%).
The data also shows a strong trend towards owning homes through family trusts.
Between 2006 and 2013 the number of households living in homes they owned themselves actually declined by 2.5%, while the number living in a home owned by a family trust increased by 28.2%.
The figures suggest that nearly a quarter of all owner occupied homes are now owned by a family trust.
There has also been a big increase in the number of households renting. Between the 2006 and 2013 censuses, the number of households paying rent (excluding those paying rent to their own family trust) increased by 16.7% to 453,135.
In Auckland, the number of households renting increased by 18.5% to 154,347.