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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]
Multiplex also built the Victopia apartment building in Auckland, New Zealand, which became the subject of New Zealand's largest-ever leaky building claim. Rather than pay fines and deal with the problems created by this and other shoddy building work, Multiplex put their local business into voluntary liquidation and left the New Zealand market.
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 Mutual Life & Citizens Assurance Company Building (also known as Richard Ellis House or the MLC building) is a building located on the corner of Lambton Quay, Hunter Street and Featherston Street in Wellington, New Zealand. The MLC building was completed in 1940 at a cost of £101,494 by W.M. Angus Ltd. [1] for the, Australian-based ...
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PwC Tower at Commercial Bay is a mixed-use office tower and retail development in Auckland, New Zealand, completed and officially opened on 27 July 2020.. The development consists of a 41-floor office tower with leasable floors, three mechanical floors, one floor reserved for meeting suites/pods, and a SkyLobby, [6] and a retail precinct with 18,000 m 2 (190,000 sq ft) of retail space ...
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 ...