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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 ...
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.
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 ...
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 ...
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 ...
But they could with a $1.7 trillion to $2.4 trillion affordable housing plan over two decades, McKinsey says. Housing inequality: Black homeowners won’t catch up at this rate for over 300 years.
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]