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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.
Regal and vice-regal Government Other party leaders in parliament Judiciary Main centre leaders Regal and vice-regal Head of State – Charles III Governor-General – Dame Cindy Kiro Charles III Cindy Kiro Government Legislature term: 53rd New Zealand Parliament until 8 September, then 54th New Zealand Parliament from 5 December. The Sixth Labour Government, elected in 2017 and 2020, then the ...
In response, the New Zealand Treasury forecast that New Zealand would avoid a recession due to the rebuilding programme resulting from the Auckland floods and Cyclone Gabrielle. The Treasury also forecast that New Zealand's economy would not return to surplus for another year due to declining tax revenue and the Government's 2023 budget ...
New Zealand Prime Minister Jacinda Ardern faces tough challenges as she heads into a general election campaign next year, with economic growth slowing, divisive referendums looming and a country ...
US house price trend (1998–2008) as measured by the Case–Shiller index Ratio of Melbourne median house prices to Australian annual wages, 1965 to 2010. As with all types of economic bubbles, disagreement exists over whether or not a real estate bubble can be identified or predicted, then perhaps prevented.
An economic downturn can be a scary time for investors. As consumers spend less, company profits are reduced which can spell trouble for the stock market. If you're planning to stay invested during...
More Yahoo Finance coverage of Davos 2023: Rubenstein: Fed will settle for 'tolerable' 3% inflation, doesn't see imminent recession Nouriel Roubini says 'literally 99% of crypto is a scam'
In 2023, the New Zealand Government passed the short-term Severe Weather Emergency Recovery Legislation Act 2023 (SWERLA) to speed up flood protection works in the regions. These flood protection works included the development of new stop banks, culverts, retaining walls, bridge works, pump stations, stream alignments and earthworks to protect ...