Building blocks for Build to Rent in New Zealand

The board is set, and the pieces are moving for Build to Rent to emerge in New Zealand.

Residential values have historically proven to be resilient in a downturn, as owners tend to have a long-term focus on potential capital gains from their properties.

In a post-COVID New Zealand, this has been reconfirmed, as sale prices continue to trend upward. As expected, however, from 2Q19 to 2Q20, the number of transactions in the Auckland region reduced while the number of days that a property sits on the market saw a notable increase.

Figure 1: Median sale price

^{Source: REINZ, 2Q20}

Table 1: Residential sales statistics