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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]
[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]
Breaking down housing inequality amid coronavirus. June 3, 2020 at 2:16 PM ...
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 ...
The government provides State housing to those in need. The number of houses owned by the State has varied over the years and between different governments. Currently the level of rent paid in state housing is related to the level of income of the people living in the house (income-related rents) so that those on low incomes pay below market rents.
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 ...
State housing is a system of public housing in New Zealand, offering low-cost rental housing to residents on low to moderate incomes. Some 69,000 state houses are managed by Kāinga Ora – Homes and Communities , [ 1 ] most of which are owned by the Crown .