New Zealand's Build-to-Rent Homes Scheme Gains Momentum with Law Change

Discover how high-density build-to-rent homes are gaining popularity in New Zealand, thanks to recent changes in overseas investment laws.

High-density build-to-rent homes are gaining popularity in New Zealand, with a recent change to overseas investment laws potentially attracting more investors to the market. Build-to-rent developments are designed to offer long-term rental housing, aiming to increase the supply of secure, affordable, and quality rental properties in New Zealand. Typically owned by institutional investors, these developments provide a solution to the growing demand for rental accommodation.

Simplicity Living, a prominent developer, has launched a significant build-to-rent housing programme in Auckland, with ambitious plans to construct 10,000 new rental homes over the next decade. The Government's announcement of forthcoming legislation to facilitate overseas investment in build-to-rent projects is expected to further boost interest in this sector. Kiwi Property Group, one of the leading builders in New Zealand, has already seen significant demand, with nearly 300 apartments at Sylvia Park recently made available for application.

The rise of high-density build-to-rent homes in New Zealand presents an opportunity for investors to contribute to the country's rental housing market while meeting the growing demand for affordable and secure rental accommodation. With legislative changes on the horizon, the future looks promising for the build-to-rent sector in New Zealand.