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The property bubble in New Zealand is a major national economic and social issue. Since the early 1990s, house prices in New Zealand have risen considerably faster than incomes, [ 1 ] putting increasing pressure on public housing providers as fewer households have access to housing on the private market.
This is the lowest rate of home ownership since 1951. This is partly due to the increase in New Zealand house prices which since 1990 have increased faster than any other OECD country. [56] Housing in New Zealand has been classified as 'severely unaffordable' with a score of 6.5 under the median measure housing affordability measure. [57]
US house price trend (1998–2008) as measured by the Case–Shiller index Ratio of Melbourne median house prices to Australian annual wages, 1965 to 2010. As with all types of economic bubbles, disagreement exists over whether or not a real estate bubble can be identified or predicted, then perhaps prevented.
Australian property bubble – ongoing currently; Russian residential real estate 2020–2022 bubble — ongoing currently. Baltic states housing bubble; British property bubble; Canadian property bubble - ongoing currently; Chinese property bubble – 2005–2011; Danish property bubble – 2001–2006; Irish property bubble – 1999–2006
The major capital market is the New Zealand Exchange (NZX). As of February 2023, NZX had a total of 338 listed securities, equity, debt and funds with a combined market capitalisation of NZD $226 billion. [30] New Zealand's currency, the New Zealand dollar, also circulates in four Pacific Island territories. The New Zealand dollar is the 10th ...
Regal and vice-regal Government Other party leaders in parliament Judiciary Main centre leaders Regal and vice-regal Head of State – Elizabeth II until 8 September, then Charles III Governor-General – Cindy Kiro Elizabeth II Charles III Cindy Kiro Government Legislature term: 53rd New Zealand Parliament The Sixth Labour Government, elected in 2020, continues. Speaker of the House ...
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Budget 2022, dubbed the Wellbeing Budget 2022, is the New Zealand budget for fiscal year 2022/23, presented to the House of Representatives by Finance Minister, Grant Robertson, on 19 May 2022 as the fifth budget presented by the Sixth Labour Government.