WELLINGTON， Dec. 2 (Xinhua) -- Ever more New Zealand households are spending more than a quarter of their household income on housing， the government statistics agency said Friday.
From the year ended June 2007 to June 2016， the proportion of households spending a quarter or more of their total household income on housing costs rose 5.5 percentage points， to 31.3 percent， according to Statistics New Zealand.
In the past three years， more of the household budget was taken up by housing and household utilities expenditure than previously， said a statement from the agency.
Between June 2013 and June 2016， average weekly household expenditure increased by 17.1 percent to 1，300 NZ dollars (923 U.S. dollars) a week， with spending on housing and household utilities contributing the most to the increase.
Housing and household utilities expenditure includes expenses such as mortgage principal payments， rent， maintenance and alterations， property rates and energy.
Over the same three years， household income increased 11.7 percent on average to an annual 95，898 NZ dollars (68，068 U.S. dollars) before tax.
The figures follow concerns raised by the Reserve Bank of New Zealand (RBNZ) on Wednesday that rising debt resulting from soaring home prices continues to pose a risk to New Zealand's financial system.
While house price inflation in the largest city of Auckland， home to a third of the population， had softened recently， house price to income ratios remained among the highest in the world， said an RBNZ Financial Stability Report.
Vulnerabilities in the housing market had increased in the past six months and house price pressures were spreading beyond Auckland to the rest of the country， said the report.
"Credit to the household sector is growing rapidly， and the household debt-to-disposable income ratio now stands at 165 percent， a record high，" said the report.
"Rising house prices continue to reflect low interest rates， steady income growth， and an imbalance between population growth and the rate of house building. There is a risk that a reversal of any of these factors could cause a significant market correction."
Orthodontic Equipment and Consumable Market: Rising Popularity of Cosmetic Dentistry to Drive Demand
The heavily consolidated global orthodontics equipment and consumables market is dominated by Danaher Corporation, DENTSPLY International Inc., and Patterson Companies Inc. According to Transparency Market Research Jordan Eberle Jersey , these three leading players accounted for 63.5% of the orthodontic equipment and consumables market in 2013, with the next two companies collectively accounting for more than 20% of the market.
Read Report Overview @
Apart from the aforementioned market leaders, A-Dec Inc. Nick Leddy Jersey , Midmark Corporation, Ultradent Products Inc., 3Shape AS John Tavares Jersey , Zimmer Holdings Inc., and Sirona Dental Systems Inc. are among the key manufacturers of orthodontic equipment and consumables.
The prime drivers for the global orthodontic equipment and consumables market are the increasing demand for cosmetic dentistry. The high prevalence of malocclusions (incorrect bite) has led to an increase in orthodontic procedures to correct the jaw structure. The increasing demand to improve one鈥檚 appearance by altering one鈥檚 dental structure has also boosted the demand for orthodontic equipment and consumables.
The booming dental tourism in emerging Southeast Asian countries is another crucial driver for the global orthodontic equipment and consumables market. The ease of traveling to countries that offer advanced medical services at much cheaper rates than in developed countries has led to many Westerners traveling to Southeast Asian dental tourism hubs in recent years. This is likely to remain an influential driver for the global orthodontic equipment and consumables market in the coming years.
Request for the Sample Report @ ;rep_id=2357
On the other hand, the key restraint on the market is the apathy among the general population about dental care. The high costs of advanced orthodontic equipment and consumables are another key constraint acting on the market.
Among the various types of equipment used in orthodontic procedures Andrew Ladd Jersey , dental radiology equipment is the leading contributor to the orthodontic equipment and consumables market. However, CADCAM systems have exhibited a robust growth rate since the early part of the decade and have become increasingly important in orthodontics thanks to the steady incorporation of progressive technological advancements. Among orthodontic consumables, brackets have always been the dominant segment Mathew Barzal Jersey , and are likely to remain the leading contributor to the orthodontic equipment and consumables market in the coming years.
Geographically, North America is the dominant market for orthodontic equipment and consumables, with a revenue of US$3.3 bn expected in 2016 Throwback New York Islanders Jerseys , and is likely to retain its lead in the coming years. Europe and Asia Pacific also remain key contributors to the global orthodontic equipment and consumables market, with the latter expected to exhibit by far the highest CAGR of all regional segments in the 2014-2020 forecast period 鈥?10.9%.
Sie sind vermutlich noch nicht im Forum angemeldet - Klicken Sie hier um sich kostenlos anzumelden
Offline