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This is the lowest rate of home ownership since 1951. This is partly due to the increase in New Zealand house prices which since 1990 have increased faster than any other OECD country. [56] Housing in New Zealand has been classified as 'severely unaffordable' with a score of 6.5 under the median measure housing affordability measure. [57]
In 1859 over 60 sections [6] were put up for sale under the Auckland Waste Land Act 1858. [6] After the sale it was reported "Thirty one lots in the village of Havelock, which has recently been laid out on the banks of the Waikato river, were in much request, the lots averaged from half an acre to an acre and 38 perches, and the whole fetched £339."
Point Wells is a rural settlement in the Auckland Region of New Zealand, at the tip of a peninsula between the Ōmaha River and Whangateau Harbour. Ōmaha is across the harbour but accessible by a causeway. [3] Point Wells was divided into sections in 1947 when a local farmer sold off some of his land.
This is a list of functional urban areas in New Zealand, as defined by Statistics New Zealand.. Under the Statistical standard for geographic areas 2023 and Statistical standard for geographic areas 2018, a functional urban area an urban area, rural settlement or rural statistical area where there is a major, large medium or small urban core with more than 5,000 residents.
New Zealand is divided into sixteen regions for local government purposes. Eleven are administered by regional councils, and five are administered by unitary authorities , which are territorial authorities that also perform the functions of regional councils.
For the first decade after the founding of Christchurch in 1850, Addington was farmland, consisting of large rural sections. In the early 1860s the railway was surveyed through the area and subdivision of the larger sections began. Factories moved in; wool and grain sheds opened; and with the industry came residential development for workers.
An August 2023 council meeting had a report that the area will provide up to 7,400 homes for up to 20,000 people by 2070 and that 405 sections were in progress, 1303 sections had subdivision consent, 91 homes had building consent and 334 were ready. As well as Amberfield, 650 homes are planned at Aurora, 230 at Qestral retirement village, 39 at ...
The Sixth Labour Government, elected in 2017, formally moved to stop the sell-off of state houses by issuing an instruction to Housing New Zealand to cancel the sale of the homes in December 2017. The Ministry has listed pressures in the private rental market, population growth and decline in home ownership as key factors.
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