Affordable build to rent developments - a podcast by RNZ

from 2022-03-01T11:30

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House prices soared in 2021, rental housing stocks are low in some areas and affordability is beyond the reach of many first home buyers and low income earners. Bipartisan legislation was passed in Parliament late last year in favour of housing densification, to counter urban sprawl and boost supply by up to 105,000 new homes in the next eight years. Construction and property entrepreneur Shane Brealey is the managing director of Simplicity Living, and his firm is partnering with the Simplicity KiwiSaver fund to create more affordable rental properties. The aim is to develop 10,000 long-term rental properties that Simplicity Living will fund, build, own and manage. Shane Brearley tells Kathryn that the construction and housing sector has got itself into a mess through over complicating things and not having a production system mindset.

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