New rules allowing foreign investment in build-to-rent on the way

Kiwi Property's Resido build-to-rent development at Sylvia Park, Auckland.

Tue, 11 Jun 2024

The government has used the launch of a new build-to-rent (BTR) facility in Auckland to announce new rules smoothing the way for foreign investment in the purpose-built rental sector.Prime minister Chris Luxon and housing minister Chris Bishop attended the official opening of Kiwi Property’s Resido BTR development on Tuesday, indicating how keen the National-led administration is to show action over the housing crisis.Bishop said he had introduced legislation changing the Overseas Investment Act to create a new streamlined consent pathway...

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