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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.
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).
Vinegar Lane. Coordinates: 36.8588°S 174.7491°E. Vinegar Lane in 2023. Vinegar Lane is a development near the suburbs of Ponsonby and Grey Lynn in Auckland, New Zealand. The project was originally announced in 2006 under the name Soho Square Ponsonby, going into receivership by 2009 and leaving a large vacant plot in the area.
Total assets. $3.2b (2024) Number of employees. 160 (2024) Website. www .kp .co .nz. Kiwi Property Group is one of New Zealand's largest NZX -listed property companies and the owner, and manager of a range of mixed-use, office, retail and build-to-rent assets including Sylvia Park, The Base, the Vero Centre and Resido.
There is significant public debate around why Auckland's housing is so expensive, often referring to a lack of land supply, [118] the easy availability of credit for residential investment [122] and Auckland's high level of liveability. In some areas, the Victorian villas have been torn down to make way for redevelopment.
Louis Aldophus Durrieu House - Mt Eden Road. 19th century wooden house which was the residence of an early settler - A portion of the property was donated by the family to the city as a park. Pan's Garden – Coles Avenue. A residential complex designed by James Chapman-Taylor in the mid 1920s in the 'garden suburb -Californian bungalow' style.
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