New Zealand Property Investors' Federation
The NZPIF is the umbrella body for 17 local Property Investors' Associations throughout New Zealand.
Household income and housing-cost statistics: Year ended June 2017 was corrected on 8 December 2017.
Stats NZ has republished the data to correct an error. The data was first published on 19 October 2017.
The correction means that the average annual household income has risen 50.5 percent since 2007, rather than the 42.0 percent first published in October 2017. The average annual household income reached $104,583 (before tax) in 2017, not $98,621 as originally published.
See Household income and housing costs statistics: Year ended June 2017 for the corrected data.
The error resulted from calculations using the count of all dwellings in New Zealand rather than the count of all usually occupied dwellings. This meant the average annual household income data was lower than it should have been.
Stats NZ is an open and transparent organisation and corrects errors as soon as practicable. We have rigorous processes to check data before publication. We review any error to reduce and mitigate future risks.
We regret the error and apologise for any inconvenience caused.