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Images, UC QuakeStudies

A photograph of members of the Wellington Emergency Management Office Emergency Response Team and the New Zealand Police standing on the corner of Worcester and Barbadoes Streets. In the background several emergency response vehicles are parked on the street.

Images, UC QuakeStudies

A photograph looking south down Manchester towards the intersection of Lichfield Street. In the distance members of the Wellington Emergency Management Office Emergency Response Team are standing next to a police car on Lichfield Street. Behind this there is a group of earthquake-damaged buildings which have spilled rubble onto Manchester Street. An excavator is parked on top of this rubble.

Research papers, University of Canterbury Library

After the Christchurch earthquakes, the government declared about 8000 houses as Red Zoned, prohibiting further developments in these properties, and offering the owners to buy them out. The government provided two options for owners: the first was full payment for both land and dwelling at the 2007 property evaluation, the second was payment for land, and the rest to be paid by the owner’s insurance. Most people chose the second option. Using data from LINZ combined with data from StatNZ, this project empirically investigates what led people to choose this second option, and what were the implications of these choices for the owners’ wealth and income.