In which I go inside the strategy Simplicity and NZ Living are using to strip out the waste in the medium density apartment 'stack' to create affordable build-to-rent apartments
Someone had to do it! Great to have Kiwisaver wealth invested somewhere closer to home, more meaningful than NASDAQ and on such a long term basis. Bravo Simplicity and NZ Living!
Thanks Marc. NZ Living is building for Kainga Ora, but the Govt is reluctant to commit too much capital, in part because it would wreck the debt track forced on it by the Public Finance Act’s insistence on permanent debt reduction. The irony is Treasury uses much higher discount rates than Simplicity and therefore takes a shorter term investment horizon. The Crown, which has the power to tax and will be here for centuries, is more scared of the future than a KiwiSaver fund.
I moved into a new NZ Living development in Northcote just a couple of months ago. I got my apartment through Kiwibuild, and bought it off the plans over a year ago now.
NZ Living are a really good developer, and the apartments they have built in Northcote have been of high quality, perfect for first home-buyers like myself. I think we'll see a lot more of their types of developments being built now with the easing of zoning rules.
Really exciting to hear of their new arrangement with Simplicity, and I'm sure they'll be able to deliver a lot of good housing for people in Auckland over the coming years.
Someone had to do it! Great to have Kiwisaver wealth invested somewhere closer to home, more meaningful than NASDAQ and on such a long term basis. Bravo Simplicity and NZ Living!
Cheers Ben. It may well work. Will keep an eye on them.
Sounds great. And everyone should note that this is exactly what the government could and should be doing, but isn't. So why not?
Thanks Marc. NZ Living is building for Kainga Ora, but the Govt is reluctant to commit too much capital, in part because it would wreck the debt track forced on it by the Public Finance Act’s insistence on permanent debt reduction. The irony is Treasury uses much higher discount rates than Simplicity and therefore takes a shorter term investment horizon. The Crown, which has the power to tax and will be here for centuries, is more scared of the future than a KiwiSaver fund.
I moved into a new NZ Living development in Northcote just a couple of months ago. I got my apartment through Kiwibuild, and bought it off the plans over a year ago now.
NZ Living are a really good developer, and the apartments they have built in Northcote have been of high quality, perfect for first home-buyers like myself. I think we'll see a lot more of their types of developments being built now with the easing of zoning rules.
Really exciting to hear of their new arrangement with Simplicity, and I'm sure they'll be able to deliver a lot of good housing for people in Auckland over the coming years.
Interesting. Cheers.
Really enjoyed this podcast, will follow with interest, exciting times.