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New Zealand property bubble. 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.
Strata title is a form of ownership and housing tenure devised for multi-level apartment blocks and horizontal subdivisions with shared areas. The word "strata" refers to apartments on different levels. Strata title was first introduced in 1961 in the state of New South Wales, Australia, to better cope with the legal ownership of apartment blocks.
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.
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]
New Zealand went through a major program of tax reform in the 1980s. The top marginal rate of income tax was reduced from 66% to 33% (changed to 39% in April 2000, 38% in April 2009, 33% on 1 October 2010 and back to 39% in April 2021) and corporate income tax rate from 48% to 28% (changed to 30% in 2008 and to 28% on 1 October 2010).
Network. TV One. 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]
Pages in category "Real estate companies of New Zealand" The following 4 pages are in this category, out of 4 total. This list may not reflect recent changes .
Housing in New Zealand (3 C, 20 P) R. Real estate companies of New Zealand (4 P) S. Stuff (company) (16 P) Pages in category "Real estate in New Zealand"