New Zealand’s largest Build to Rent complex opened this morning. 

Prime Minister Christopher Luxon and Housing Minister Chris Bishop cut the ribbon of Resido, a new development in Auckland’s Mount Wellington. 

Bishop said that there is no silver bullet to solving New Zealand’s housing crisis, and so they need to take every option available to them, Build to Rent being one such option. 

The new units are located next to Sylvia Park, with rents starting at $845 a week for a two bed, two bath. 

Kiwi Property CEO Clive MacKenzie told Kerre Woodham that they want people to settle down roots and call the units home, offering long-term leases and the ability to customise their space and bring their pets. 

He said that the prices are slightly higher, but the services, amenities, and security included in for tenants matches up. 

LISTEN ABOVE 

See omnystudio.com/listener for privacy information.