Catch Animal Spirits in Auction: Evidence from New Zealand Property Market

2017 ◽  
Vol 46 (1) ◽  
pp. 59-84 ◽  
Author(s):  
Song Shi ◽  
M. Humayun Kabir
2021 ◽  
Author(s):  
◽  
Sarah Groom

<p>What happens when the home expects the unexpected?  Since the beginning of the current housing price rise in 2012, homeownership in New Zealand has become increasingly difficult. The desire to enter the property market has been impeded by the unsuitability of current housing stock that no longer meets the needs of the modern household.  While it is widely accepted by economists, yet denied by politicians, New Zealand is amid a housing crisis. The government is addressing the issue by introducing a means to allow housing to be produced more quickly. This new housing is expected to mitigate the issues surrounding a shortage of land and population increase, by developing a large proportion of new developments in the classification of medium density housing.  With a shortfall of 10,000 houses per annum, the current situation presents an opportunity to reassess how medium density housing (MDH) is configured in New Zealand. To break the cycle of housing stock rendering itself unsuitable in the future, this thesis aims to investigate how housing could be designed to allow for change over time.  All age groups stand to benefit from a home that is carefully planned and considers their lifetime needs. An established design framework enables the prefabricated modular system to adapt, reflecting the lifetime requirements of its occupants.  The outcome is an innovative, alternate design solution that considers the wellbeing of occupants through a lifetime design approach, offering adaptability and efficient production through prefabrication.   A home that expects the unexpected.</p>


2021 ◽  
Author(s):  
◽  
Amy Lane

<p>With house prices rising so rapidly, many New Zealand families find the stretch to homeownership beyond them. It is now customary to hear of people unable to purchase a property for their needs, in relation to the size of the house, its location or both and the idea of homeownership is fast becoming a pipeline dream for most people. With large upfront costs and large mortgage repayments, the cost of purchasing or building a house is unaffordable for a growing number of the population (Aravena & Lacobelli, 2012; Michael Bassett, 2013). Affordability is a broad notion but in essence, this research portfolio addresses it as the concern for accessibility of New Zealanders to put a roof over their heads. The crux of this issue is the relatively high cost to purchase a place to call home, making housing a commodity to enrich a few. An alternative solution to building and financing a home is needed.  This research portfolio questions how flexible design and incremental construction approaches can be applied to a range of sites typical to the New Zealand context, providing an alternative housing solution that addresses housing affordability. This alternative housing solution demonstrates flexible design and incremental construction tactics derived from the comparative and critical analysis of literature and precedence. These tactics are demonstrated through the design of four typologies that accommodate the users changing needs and financial circumstances. Housing affordability has been addressed by the consideration of these flexible design and incremental construction tactics to allow for incremental investment. As the users, financial circumstances increase or change, the design and construction of their dwelling allows them to make changes easily. This reduces the need for major construction work in order to change the layout and use and it easily allows for the opportunity to expand when the money becomes available. It also averts the necessity to move which in the current property market is costly in terms of finances and time.  To address the aims of this research portfolio, this alternative housing solution inverts the typical process of building and financing a home. It responds effortlessly to the occupant’s requirements, however varied. Incorporating flexible design and incremental construction tactics allows for incremental change and incremental investment over the lifetime of the building. At times when a lack of supply has resulted in rampant price increases, we need to question why, would one build a house that takes a great amount of time, money and effort to construct but so quickly becomes redundant? A dwelling, therefore, shouldn’t be a product. A dwelling should be an ongoing process.</p>


2021 ◽  
Vol 10 ◽  
pp. 1-15
Author(s):  
Christine McCarthy

The 1880s was a period in New Zealand of economic depression. It caused "unemployment, family distress, ragged children and exploited women workers, general business collapse, a crash in the property market, a ten-year banking crisis, bankruptcies and unstable ministries." But despite this Hodgson identifies this period in New Zealand's architectural history as one when: "Architectural style ... started to spread its wings and this period contains some fine examples of building design which was definitely out of the mainstream."


Author(s):  
Linlin Zhao ◽  
Jasper Mbachu ◽  
Niluka Domingo

Identification of costs drivers and their influence level on building development costs play a key role in the development of construction models and improve the efficiency and effectiveness of any project. Forty-five indicators influencing building development costs in New Zealand are explored by literature review and pilot interviews. These indicators are grouped into seven categories. The determination and ranking of the cost drivers are carried out by a questionnaire survey distributed to key professionals working in New Zealand&rsquo;s construction industry. Structural equation modeling (SEM) software was employed for analysis of the collected data. One of the key advantages of this powerful software is to provide the p-value according to the structure of the research model. Findings of this study indicate that the property market and construction industry factor, statutory and regulatory factor, and socio-economic factor are major factors affecting building development costs in New Zealand.


2021 ◽  
Author(s):  
◽  
Amy Lane

<p>With house prices rising so rapidly, many New Zealand families find the stretch to homeownership beyond them. It is now customary to hear of people unable to purchase a property for their needs, in relation to the size of the house, its location or both and the idea of homeownership is fast becoming a pipeline dream for most people. With large upfront costs and large mortgage repayments, the cost of purchasing or building a house is unaffordable for a growing number of the population (Aravena & Lacobelli, 2012; Michael Bassett, 2013). Affordability is a broad notion but in essence, this research portfolio addresses it as the concern for accessibility of New Zealanders to put a roof over their heads. The crux of this issue is the relatively high cost to purchase a place to call home, making housing a commodity to enrich a few. An alternative solution to building and financing a home is needed.  This research portfolio questions how flexible design and incremental construction approaches can be applied to a range of sites typical to the New Zealand context, providing an alternative housing solution that addresses housing affordability. This alternative housing solution demonstrates flexible design and incremental construction tactics derived from the comparative and critical analysis of literature and precedence. These tactics are demonstrated through the design of four typologies that accommodate the users changing needs and financial circumstances. Housing affordability has been addressed by the consideration of these flexible design and incremental construction tactics to allow for incremental investment. As the users, financial circumstances increase or change, the design and construction of their dwelling allows them to make changes easily. This reduces the need for major construction work in order to change the layout and use and it easily allows for the opportunity to expand when the money becomes available. It also averts the necessity to move which in the current property market is costly in terms of finances and time.  To address the aims of this research portfolio, this alternative housing solution inverts the typical process of building and financing a home. It responds effortlessly to the occupant’s requirements, however varied. Incorporating flexible design and incremental construction tactics allows for incremental change and incremental investment over the lifetime of the building. At times when a lack of supply has resulted in rampant price increases, we need to question why, would one build a house that takes a great amount of time, money and effort to construct but so quickly becomes redundant? A dwelling, therefore, shouldn’t be a product. A dwelling should be an ongoing process.</p>


2021 ◽  
Author(s):  
◽  
Dylan Hobbs

<p>This thesis examines the historical use of land value taxation by the New Zealand government over the period 1891 – 1991. The study adopts qualitative research methods to explore how land taxation policy progressed over the century and what were the relevant influences on policy direction. The primary aim of the study is to examine how the land value tax policy used in New Zealand developed over time, what drove changes to it and, ultimately, why it was abolished. To this end the study adopts a historical institutionalist framework to analyse the influence of institutional factors on the development of land tax policy. Particular attention is paid to the influence of ideas, path dependency, critical junctures and power. The research itself is an interpretive narrative history, primarily drawing from historical document sources including government records and publications, legislation, parliamentary debate records, court records and media coverage. By addressing this topic, this research informs future debate as to the suitability of land taxation for use as a tool to influence the property market or as a method of wealth taxation. In addition it offers an explanation as to how methods of taxation can become obsolete and eventually be abolished, in a New Zealand context.</p>


2021 ◽  
Author(s):  
◽  
Dylan Hobbs

<p>This thesis examines the historical use of land value taxation by the New Zealand government over the period 1891 – 1991. The study adopts qualitative research methods to explore how land taxation policy progressed over the century and what were the relevant influences on policy direction. The primary aim of the study is to examine how the land value tax policy used in New Zealand developed over time, what drove changes to it and, ultimately, why it was abolished. To this end the study adopts a historical institutionalist framework to analyse the influence of institutional factors on the development of land tax policy. Particular attention is paid to the influence of ideas, path dependency, critical junctures and power. The research itself is an interpretive narrative history, primarily drawing from historical document sources including government records and publications, legislation, parliamentary debate records, court records and media coverage. By addressing this topic, this research informs future debate as to the suitability of land taxation for use as a tool to influence the property market or as a method of wealth taxation. In addition it offers an explanation as to how methods of taxation can become obsolete and eventually be abolished, in a New Zealand context.</p>


2021 ◽  
Author(s):  
◽  
Sarah Groom

<p>What happens when the home expects the unexpected?  Since the beginning of the current housing price rise in 2012, homeownership in New Zealand has become increasingly difficult. The desire to enter the property market has been impeded by the unsuitability of current housing stock that no longer meets the needs of the modern household.  While it is widely accepted by economists, yet denied by politicians, New Zealand is amid a housing crisis. The government is addressing the issue by introducing a means to allow housing to be produced more quickly. This new housing is expected to mitigate the issues surrounding a shortage of land and population increase, by developing a large proportion of new developments in the classification of medium density housing.  With a shortfall of 10,000 houses per annum, the current situation presents an opportunity to reassess how medium density housing (MDH) is configured in New Zealand. To break the cycle of housing stock rendering itself unsuitable in the future, this thesis aims to investigate how housing could be designed to allow for change over time.  All age groups stand to benefit from a home that is carefully planned and considers their lifetime needs. An established design framework enables the prefabricated modular system to adapt, reflecting the lifetime requirements of its occupants.  The outcome is an innovative, alternate design solution that considers the wellbeing of occupants through a lifetime design approach, offering adaptability and efficient production through prefabrication.   A home that expects the unexpected.</p>


1999 ◽  
Vol 190 ◽  
pp. 563-566
Author(s):  
J. D. Pritchard ◽  
W. Tobin ◽  
J. V. Clausen ◽  
E. F. Guinan ◽  
E. L. Fitzpatrick ◽  
...  

Our collaboration involves groups in Denmark, the U.S.A. Spain and of course New Zealand. Combining ground-based and satellite (IUEandHST) observations we aim to determine accurate and precise stellar fundamental parameters for the components of Magellanic Cloud Eclipsing Binaries as well as the distances to these systems and hence the parent galaxies themselves. This poster presents our latest progress.


Author(s):  
Ronald S. Weinstein ◽  
N. Scott McNutt

The Type I simple cold block device was described by Bullivant and Ames in 1966 and represented the product of the first successful effort to simplify the equipment required to do sophisticated freeze-cleave techniques. Bullivant, Weinstein and Someda described the Type II device which is a modification of the Type I device and was developed as a collaborative effort at the Massachusetts General Hospital and the University of Auckland, New Zealand. The modifications reduced specimen contamination and provided controlled specimen warming for heat-etching of fracture faces. We have now tested the Mass. General Hospital version of the Type II device (called the “Type II-MGH device”) on a wide variety of biological specimens and have established temperature and pressure curves for routine heat-etching with the device.


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