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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.
State housing is a system of public housing in New Zealand, offering low-cost rental housing to residents on low to moderate incomes. Some 69,000 state houses are managed by Kāinga Ora – Homes and Communities, [1] most of which are owned by the Crown. In excess of 31,000 former state houses exist, [2] which are now privately owned after ...
Lake Benmore is seen in the foreground. Twizel ( / ˈtwaɪzəl /) is the largest town in the Mackenzie District, in the Canterbury Region of the South Island of New Zealand. The town was founded in 1968 to house construction workers on the Upper Waitaki Hydroelectric Scheme. Today, Twizel is a service and tourist town for visitors to the area.
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 unsound. Some buildings have become unhealthy to live in due ...
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.
Real Estate Authority. 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]
Current status. Active. Trade Me is New Zealand's largest online auction and classifieds website. Managed by Trade Me Ltd., the site was founded in 1999 by New Zealand entrepreneur Sam Morgan, who sold it to Fairfax in 2006 for NZ$700 million. [ 1] Trade Me was publicly listed as a separate entity on 13 December 2011 under the ticker "TME".
The house was built in 2006 in Coatesville for Richard Bradley, who is known for owning the company "Chrisco" that sells Christmas hampers in Australia, New Zealand, the United Kingdom, and Canada. Internet entrepreneur Kim Dotcom rented the house from 2010 for NZ$1 million per year. The mansion became well known through the police raid on ...