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Page 14 - Denise Lee News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Long-term tenancies or home-ownership - what are New Zealand s aspirations?

Many New Zealanders renters have become accustomed to the exhausting task of packing up and moving house every year or two. But a new 350-apartment development planned for Auckland's Takapuna could signal a shift towards large-scale projects built with long-term renters in mind. These 'build-to-rent' apartments provide tenancies of up to 10 years, giving renters some peace of mind. But while some believe these developments could help alleviate New Zealand's housing shortage, one developer says they won't sate people's desire to own their own home. Tom Taylor reports.

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