We want to see New Zealand families have a realistic pathway into home ownership.
Currently, people who have not already got their foot on the property ladder are facing ever increasing barriers to achieving a home ownership goal. We, therefore, need to open new avenues for people to gain access to a home.
The rent-to-own policy opens this new avenue. We would see houses that are already committed to be built by the Government offered as rental properties where part of the rent goes to pay the cost of a deposit on the house.
This is the first step in opening up new options for home ownership and could be expanded into other centres where the Government or Local Governments have building interests and can be used as a template for companies who could see this as an effective way to secure a steady revenue source