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New Zealand property bubble. 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.
New Zealand went through a major program of tax reform in the 1980s. The top marginal rate of income tax was reduced from 66% to 33% (changed to 39% in April 2000, 38% in April 2009, 33% on 1 October 2010 and back to 39% in April 2021) and corporate income tax rate from 48% to 28% (changed to 30% in 2008 and to 28% on 1 October 2010).
The Valuer-General of New Zealand is a statutory officer in charge of valuation standards in New Zealand. The Valuer-General is the chair of the Valuers Registration Board which is a body administered by Land Information New Zealand. [1] The Valuer-General a part of the Office of the Valuer-General which provides administrative support for the ...
Jacquie Barker (Chief Executive) David Nagel (Chief Operating Officer) Products. Property information and valuation services. Website. www .qv .co .nz. Quotable Value Limited (QV) is a state-owned enterprise of the New Zealand government. Its main commercial operations are the provision of full market valuations.
New Zealand Rail Limited (The rail operations of the Railways Corporation) – later renationalised as KiwiRail. New Zealand Steel Limited – purchased by BHP. Post Office Bank Limited (Postbank) – sold to ANZ. Radio New Zealand (Commercial Stations) – Sold to Clear Channel to form The Radio Network.
When records began in 1974, new homes in New Zealand had an average floor area of 120 m 2 (1,290 sq ft). Average new home sizes rose to peak at 200 m 2 (2,150 sq ft) in 2010, before falling to 158 m 2 (1,700 sq ft) in 2019. [17] In 1966 the New Zealand Encyclopedia recognised seven basic designs of New Zealand houses.
Status: Current legislation. The Property (Relationships) Act 1976 is a New Zealand statute that primarily deals with the division of property of married couples, de facto couples and civil union couples when they separate or when one of them dies. In general, the couple's property is to be divided equally between them.
The agreement is the largest to date, by financial value, at NZ$196 million worth of forest land in total (including the value of the Affiliate Te Arawa Iwi and hapū share). In addition, but not counted by the government as part of the redress package, the tribes will receive rentals that have accumulated on the land since 1989, valued at NZ ...
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