Build To Rent Model Offers Tenant Security In New Zealand
A new residential complex consisting of 297 apartments has been completed in Auckland. Tenants can leave at any time provided they give eight weeks' notice. Rent for these units is reviewed and increased annually to match market rates.
Topics
Developing
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Sources · 7 independent
RNZ National
“A massive new complex of 237 apartments, 297 apartments is the latest build to rent development to be completed in Auckland.”
RNZ National
“Ms Faithful's home is one of 507 rental apartments owned by simplicity, with founder Sam Stubbs saying another 1200 are under construction.”
RNZ National
“Build to Rent provides a new option for investors and the scale and the long term nature of the investment also gives tenants more security.”
RNZ National
“He says built a rent seems like a good way to provide tenants with security, but won't be enough to solve the country's housing crisis.”
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