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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.
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]
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 ...
BRANZ started out as an industry-funded research library in the 1950s, the Building Research Bureau. [1] In the late 1960s the New Zealand government passed legislation to create the building research levy, which allowed the establishment of the research association BRANZ in 1970.
The following year, the Government announced plans to restructure government building and housing services. The new Department of Building and Housing was established, replacing the Ministry of Housing and picking up functions from the Ministry of Economic Development and the MSD (retirement village legislation) and the Department of Internal ...
The primary legislation for the portfolio is the Building Act 2004, which sets out the rules for the construction, alteration, demolition and maintenance of new and existing buildings in New Zealand. [4] The minister also oversees the regulation of engineers, plumbers, gasfitters, drainlayers and architects.
The leaky homes crisis is an ongoing construction and legal crisis in New Zealand concerning timber-framed homes built from 1988 to 2004 that were not fully weather-tight. . The problems often include the decay of timber framing which, in extreme cases, have made buildings structurally unsou
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