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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.
Mark Stephen Hotchin (born 25 December 1958) [2] is a New Zealand former property developer and financier. He was a director of the failed Hanover Group which owned a number of finance companies including Hanover Finance, United Finance, Nationwide Finance and FAI Finance.
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]
House Hunt is a New Zealand reality television series about the New Zealand property market, which follows house-hunters looking to buy property. [1] [2] It airs on TV One. [3] Series director Robyn Paterson spoke on the Breakfast with Brian Kelly program on the Coast radio network in June 2015, just before the series aired. [4]
Pero founded his mortgage broking business in 1991. [2] In 2011, Pero established a real estate company under the same brand name. [3]In recent surveys, Colmar Brunton reported [2] that the Pero brand awareness was significantly higher than all other mortgage brokers and most people surveyed considered Mike Pero Mortgages to be New Zealand's most trusted mortgage adviser.
Kiwi Income Property Trust acquired New Zealand Land Limited in 1994; which held a total portfolio of nine properties. In 1995, the business purchased 11.8 hectares of land in a 'brown zone' area, Mt. Wellington , for $9.75 million and spent a further $20 million in 1999 to acquire a neighbouring 9.1 hectare site.
The Huljich family are a very high net worth family located in Auckland, New Zealand, worth at least NZD$444 million in 2021 following the sale of their stake in Pushpay for that amount. [ 1 ] [ 2 ] Their business interests are varied, and include property, new business startups, finance, movie-making and philanthropy.
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%.