Renting for Profit
About 35% of New Zealand households live in rented housing. The numbers are expected to double in the next few years as unaffordable homes put buying out of the reach of many people who will be forced to rent, possibly for the rest of their lives.
For those who don’t qualify for social housing, New Zealand’s private rental market has been the only option and it has relied on mum and dad landlords owning standalone dwellings. But it is now being disrupted and reinvented by build to rent (BTR) schemes – a relatively new property phenomenon in New Zealand.