[OPINION] Budget 2022 should back build-to-rent communities

“New Zealand has a severe shortage of quality, affordable rentals. The good news is people are presenting solutions, but they need some impetus and support from the Government to deliver these large-scale developments”, says Lowe.

Renting as a customer-centred subscription service

Lowe says renting should be a positive experience.

“Currently, renting in New Zealand means frustration and uncertainty; at any time, a landlord can ask you to move out because they’re planning to move in or sell. When you’re attached to your community or your kids are zoned for the local school, this can be devastating. As a result, Kiwis have an ‘ownership or nothing’ mindset.