Demand for a new US-inspired student accomodation development in Auckland is outstripping supply with plans to take the concept to other cities around the country.

The $250-million Carlaw Park student village on Stanley Street was finished in February.

It's only a few hundred metres from Auckland University and has 416 three to six-bedroom apartments.

A study by the uni suggests that new accomodation model that includes various utilities is about 17 percent cheaper than living in private flats off campus.

Reidy & Co are co-developers of Carlaw Park Student Village.

Director Greg Reidy talks to Lisa Owen.