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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 ...
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 ...
A report published by Goldman Sachs predicted that New Zealand had a 40% chance of a "housing bust" over the same period. [114] Financial commentator Bernard Hickey described New Zealand's property market in 2014 as "too big to fail", and supports a deposit insurance scheme in the event of a banking collapse caused by a property crash. [115]
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 ...
In 2011 Health spending accounted for 10% of GDP, higher than the OECD average of 9.3%. As in many OECD countries, health spending in New Zealand slowed post-GFC but still reached 3% in real terms in 2010 and 2011 – higher than the OECD average. [22] in 2012 New Zealand has 2.7 doctors per 1,000 population, and increase from 2.2 in the year 2000.
Such pension investment in multifamily housing increased nearly sevenfold between 2011 and 2023, according to one measure tracked by consultancy Ferguson Partners.
Among the early forms of social welfare in New Zealand was the old age pension, introduced by the Liberal Government in 1898. The scheme was introduced to avoid what MP William Pember Reeves described as the "worst social evils and miseries", referring to the British workhouses where the elderly lived in spartan institutional circumstances.
About 32% of housing is owned by out-of-state buyers — the highest ratio in Hawaii, per the report. Add in the loss of 3,000 homes from recent wildfires, and you’ve got a market under ...