For many, home ownership is no longer practical

Housing affordability has created a well-documented challenge as rising prices and on-going lending restrictions have put mortgages out of reach for many middle-income New Zealanders.

The residential rental sector has become fragmented

Decades of private invest-to-rent landlord activity has seen the rental market become an increasingly fragmented ‘cottage industry’, with over 98% of rented properties currently in the hands of individual investors and family trusts. The standard of New Zealand rental properties and contract conditions varies greatly.

Demand for quality stock is outstripping supply

New tax policies and regulatory requirements to improve standards are beginning to affect private landlords and impacting the number and type of private investors active in the market. A shortfall in availability of quality properties, particularly in the country’s main metropolitan areas, is now placing pressure on rental supply. We believe these factors have created an opportunity for large scale investors to enter the market.

Scale brings an opportunity to build communities

A strong link exists between quality of accommodation and quality of health, employment and education, demonstrating significant social benefits of a contemporary, coordinated housing scheme. We believe that providing quality, well-located and well-managed homes with fair, secure tenancies will contribute to the overall liveability of our cities.