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National: Build to rent housing should play a larger part in NZ market

Author
Newstalk ZB,
Publish Date
Fri, 10 Mar 2023, 7:21AM
Photo / NZ Herald
Photo / NZ Herald

National: Build to rent housing should play a larger part in NZ market

Author
Newstalk ZB,
Publish Date
Fri, 10 Mar 2023, 7:21AM

National says build to rent housing should be playing a larger part in the New Zealand housing market.

The party has announced plans to fast-track legislation for build to rent housing.

It would amend the Overseas Investment Act, making it easier for foreign developers to invest in the market

Build-to-rent developments would also be eligible for depreciation deductions.

Housing spokesperson Chris Bishop told Mike Hosking it's not a silver bullet, but it has a role to play.

He says 25,000 new dwellings could be built over the next ten years if National wins the election and gets its settings correct.

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