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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.
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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]
By 2013 foreign ownership in New Zealand had increased dramatically from $9.7 billion in 1989 to $101.4 billion – an increase of over 1,000%. [2] Between 1989 and 2007, foreign ownership of the New Zealand sharemarket went from 19% to 41% but has since dropped back to 33%.
The cartography of New Zealand is the history of surveying and creation of maps of New Zealand. Surveying in New Zealand began with the arrival of Abel Tasman in the mid 17th century. [ 1 ] Cartography and surveying have developed in incremental steps since that time till the integration of New Zealand into a global system based on GPS and the ...
The Real Estate Authority (REA), formerly the Real Estate Agents Authority (REAA), is the New Zealand Crown entity responsible for the regulation of the New Zealand real estate industry as well as the agents within it. [4]
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.
The New Zealand Map Grid (NZMG) is a map projection based on the New Zealand Geodetic Datum 1949. [1] It has now been replaced by the New Zealand Transverse Mercator 2000 projection, which is based on the New Zealand Geodetic Datum 2000 using the GRS80 reference ellipsoid. [2] This is the grid setting used for GPS in New Zealand.