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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.
After the New Zealand sharemarket crash on 20 October 1987, the Chase Corp share price continued to drop and it effectively never recovered from that point, as the New Zealand property market collapsed. On 4 July 1989, the NZ Government appointed statutory managers to run the NZ property interests of Chase Corp.
When records began in 1974, new homes in New Zealand had an average floor area of 120 m 2 (1,290 sq ft). Average new home sizes rose to peak at 200 m 2 (2,150 sq ft) in 2010, before falling to 158 m 2 (1,700 sq ft) in 2019. [17] In 1966 the New Zealand Encyclopedia recognised seven basic designs of New Zealand houses. [18]
Chinese property bubble – 2005–2011; Danish property bubble – 2001–2006; Irish property bubble – 1999–2006; Japanese asset price bubble – 1986–1991; Lebanese housing bubble; New Zealand property bubble – ongoing currently; Polish property bubble – 2002–2008; Romanian property bubble; Spanish property bubble – 1985–2008
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.
At the time of its failure it was the largest finance company in New Zealand. The Hanover Group [1] also had interests in property and was responsible for developing Matarangi Beach Estates and golf course, and acquired completed lots at the Jacks Point property sub-division [2] in Queenstown. The Group also had property and finance interests ...
Mainzeal Property and Construction Ltd was one of the largest New Zealand property and construction companies [1] until being placed into receivership on 6 February 2013 and then being placed into liquidation on 28 February 2013. [2] According to its website, Mainzeal was involved in delivering $7.5 billion of construction projects across New ...
Jones formed the short-lived libertarian New Zealand Party in 1983, just before Robert Muldoon's snap 1984 election. Jones explicitly stated his disgust that the supposedly pro-free-enterprise New Zealand National Party had implemented socialist policies like price and wage freezes, and a top tax rate of 66%.