Pawnbroking industry in New Zealand: the future

Pawnbroking is a centuries-old industry that has been providing people with quick access to cash for centuries. In recent years, the pawnbroking industry has seen a resurgence in popularity, thanks in part to the global financial crisis.

In New Zealand, the pawnbroking industry is regulated by the Pawnbrokers Act 1964. The Act sets out the rules and regulations that pawnbrokers must follow, including how they must store and display their goods, and the maximum interest rates they can charge.

The pawnbroking industry in New Zealand is currently worth an estimated $200 million per year. There are approximately 100 pawnbrokers operating in New Zealand, with the majority of them located in Auckland.

The future of the pawnbroking industry in New Zealand looks bright. The industry is currently undergoing a period of growth, and this is expected to continue in the coming years. This growth is being driven by a number of factors, including the increasing popularity of pawnbroking, and the growing number of people who are using pawnbrokers to access quick cash.

Pawnbroking is a convenient and quick way to get access to cash, and it is an industry that is here to stay.