For people who did not own property, the tracker found more than 40 per cent felt totally locked out of the market.
Consumer NZ spokeswoman Gemma Rasmussen said housing was respondents' biggest concern, even above Covid-19.
"Our runaway housing market has solidified New Zealand as a country divided by property wealth. If you don't have a foot on the property ladder, the dream of owning your own home is becoming increasingly unlikely. At present, the average house price is more than 12 times the average national income," Rasmussen said.
"We asked New Zealanders what their biggest concerns are at present, and from both a national and financial perspective, the answer was housing ... Regardless of whether you own a home or are renting, New Zealanders are deeply concerned about the state of housing."
Those aged 60-69 were least likely to be able to afford to buy their property (66 per cent), followed by those aged 50-59 and those 70+ (59 per cent). Approximately half of those aged 18-29 would still be able to afford their property.
'We really lucked out'
The consumer watchdog provided an example of James, a registered electrician from Whangārei who purchased his home for $450,000 in 2018.
The property's capital gains have since outstripped both his and his partners' combined annual salaries.
"We really lucked out getting into the housing market when we did. Between the two of us we had 30 years of combined KiwiSaver - and some savings on top of that. When we bought the house, it was a massive relief that we wouldn't be beholden to a landlord. It's offered us peace of mind.
"If we'd acted a few years later, our home purchase would not have been possible."
Renters are often living in mouldy homes, with inadequate heating, and pay about 30 per cent of their income on rent, Rasmussen told Midday Report.
"It's not about how much money you earn, you're sort of in or you're out, and if you don't have family assistance or a really high salary it's making it really tricky for you."
On the opposite side, people who own homes are getting richer. The divide exacerbates poverty cycles, Rasmussen said.
"I think we're going to see two New Zealands. We are going to see New Zealanders who are enjoying the capital gains of the houses which they live in, they're going to be able to accumulate more housing and there's going to be a smaller population of New Zealand who are owning a home and owning investment properties.
"And then there is going to be a larger proportion of New Zealand that is definitively locked out, and that doesn't matter if they have a great job or save really hard. If that's what they have been born into, that's where they'll be set."
- RNZ
