Building to Rent
The Building to rent research aims to identify barriers to an improved rental stock and find potential solutions. It is part of the BRANZ research programme Exceeding the minimum. The two factsheets are aimed at regulators and at owners of rental properties.
- Issues for regulators: New Zealand's stock of rental housing is under pressure. A fall in housing affordability is leading more people to rent, yet research has found that rental homes are in poorer condition than owner-occupied houses. There are barriers to growing and improving the rental stock to meet projected needs. Overseas approaches to rental property could offer solutions, but they require regulatory changes.
- Issues for owners of rental properties: As 78% of rental properties are owned by the private sector, the research asks: ‘Why don't owners of private rental properties choose features that exceed the minimum standards, and how can we change this?'