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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.
An egalitarian New Zealand was briefly realised in the interwar and post-war periods, when successive governments sponsored a massive state housing programme. Economic inequality in New Zealand is one of the social issues present in the country. Between 1982 and 2011, New Zealand's gross domestic product grew by 35%. Almost half of that ...
[22] in 2012 New Zealand has 2.7 doctors per 1,000 population, and increase from 2.2 in the year 2000. Wealth inequality in New Zealand, measured by the Gini coefficient, stands at 0.34 as of June 2019. [23] In 2012, life expectancy at birth in New Zealand stood at 81.5 years, more than one year higher than the OECD average of 80.2 years. [24]
In late January 2019, the New York Times reported rising housing prices to be a major factor in the increasing homelessness in New Zealand so that "smaller markets like Tauranga, a coastal city on the North Island with a population of 128,000, had seen an influx of people who had left Auckland in search of more affordable housing. Average ...
May 21—1/1 Swipe or click to see more CRAIG T. KOJIMA / CKOJIMA@STARADVERTISER.COM To afford a median-priced single-family home, which is a price at which half the homes are more expensive and ...
The redevelopment would leave 78 houses owned by Housing New Zealand and the rest sold privately. [54] The redevelopment process sparked over two years of protests and scores of arrests, including of Mana Party leader Hone Harawira. [55] In 2012 it closed Housing New Zealand's local offices to tenants and directed all enquiries to a call centre ...
Only one in five local households can now afford the median price of $875,000 for a home, according to a 2024 University of Hawaii Economic Research Organization (UHERO) report.
Affordable housing guidelines set by a Hawaii state agency could rate two-bedroom homes costing $1 million as affordable for some households eligible for government-subsidized housing. The ...