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![General view of the new Resido apartment complex, 3 blocks of 295-unit apartments in Mt Wellington next to Sylvia Park. Photo / Jason Oxenham](https://www.newstalkzb.co.nz/media/nrsmcqk4/110624nzhjoresido09.jpg?rmode=crop&rnd=133626112073930000&height=395&quality=95&scale=both)
The Government has has used the launch of a new build-to-rent facility in Auckland to announce new rules for the Overseas Investment Act.
More money will be directed towards build-to-rent developments - and foreign investors will have a streamlined pathway to acquire land for said developments.
Infometrics principal economist Brad Olsen says this move will likely add to the nation's housing supply over time.
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