The Government has has used the launch of a new build-to-rent facility in Auckland to announce new rules for the Overseas Investment Act.
More money will be directed towards build-to-rent developments - and foreign investors will have a streamlined pathway to acquire land for said developments.
Infometrics principal economist Brad Olsen says this move will likely add to the nation's housing supply over time.
LISTEN ABOVE

Chris Bishop: Transport Minister on the progress being made on a second Auckland Harbour crossing
05:10

Barry Soper: Newstalk ZB senior political correspondent on the coalition looking likely to lead according to new poll
05:44

Oliver Peterson: Australian correspondent ahead of the 2026 Australian federal budget being handed down
03:02