The tenancy types most common in Auckland are owner-occupier and renting from a landlord. The landlord might be a private individual, a non-governmental organisation such as a community housing association, or local or central government. Read more about renting in Auckland.
How this can be done
Many people are being priced out of the ability to buy a home.
Therefore, we have to explore new and different ways to buy, rent and manage our housing.
This can include:
- cooperative and collective ownership models
- rent-to-buy models
- encouraging long-term institutional landlords.
Read more about mixed tenure housing.
Body corporates govern many aspects of living in multi-unit developments. It will be increasingly important that body corporates are managed well.
This requires tightening up rules around the management of body corporate funds. It is also important that apartment and unit owners understand their rights and responsibilities when buying into a body corporate.
We must continue to focus on improving stability and security of tenure for households that rent. Households that rent have few legal protections and are subject to power imbalances that limit their ability to plan for financial expenses.
Rent increases in New Zealand are unregulated aside from a frequency limit of once every six months. In contrast, many mortgages may be fixed for two to five years, at the discretion of owners.
We could also consider:
- regulation of rent increases
- improvements in the rules around body corporates.