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Strategising for a changing population

New Zealand’s changing population means investors need to think strategically to best accommodate their future tenants.

Friday, May 6th 2016, 12:00AM 1 Comment

by The Landlord

Not only is New Zealand’s population ageing rapidly, but big changes in the ethnic make-up of the country’s population are taking place too.

Additionally, the section of the population defined as disabled is tipped to increase as the population ages.

And the typical “nuclear family” household of the past is also changing – with single parent families and combined families noticeably on the rise.

These dramatic changes to New Zealand’s population mean landlords have to understand, and prepare for, the specific needs of their future tenants.

For example, the current housing stock is ill-equipped to deal with the requirements of the 65+ age bracket, which around a third of the country’s population will move into over the next 20 years.

It’s business 101 to think about the type of property an aging person is going to want, NZ Property Investors Federation executive officer Andrew King said.

“They are going to be small, one or two bedrooms, rather than large houses. They going to be easy to clean and maintain, ideally single level so no stairs or steps.”

In the May issue of NZ Property Investor magazine, our journalist finds out how investors can strategise and prepare for the different tenant needs of the future.

To read more on this topic, click here to get the digital issue of NZ Property Investor magazine.

Subscribe to NZ Property Investor magazine here to get great stories like this delivered to your mailbox every month.

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Comments from our readers

On 10 May 2016 at 2:36 pm Lifemark said:
It makes sense to design, build or invest in properties that meet the needs of our changing population. The Lifemark rating measures how well a home can accommodate occupants at all stages and needs through life.There is growing demand for such homes and Lifemark are the only certification in New Zealand providing this service.

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Lender Flt 1yr 2yr 3yr
AIA 5.35 4.49 5.25 5.55
ANZ 5.54 5.15 5.85 6.15
ANZ Blueprint to Build 2.78 - - -
ANZ Special - 4.55 5.25 5.55
ASB Bank 5.35 4.49 5.25 5.55
Avanti Finance 5.45 - - -
Basecorp Finance 6.45 - - -
Bluestone 5.29 7.49 7.59 -
BNZ - Classic - 4.55 5.25 5.45
BNZ - Mortgage One 5.55 - - -
BNZ - Rapid Repay 5.55 - - -
Lender Flt 1yr 2yr 3yr
BNZ - Std, FlyBuys 5.55 5.35 5.94 5.99
BNZ - TotalMoney 5.55 - - -
CFML Loans 6.45 - - -
China Construction Bank 5.50 5.40 6.14 6.40
China Construction Bank Special - 4.45 5.19 5.45
Credit Union Auckland 5.95 - - -
First Credit Union Special 5.85 4.70 5.20 -
Heartland Bank - Online 4.00 3.85 4.70 4.84
Heretaunga Building Society 5.95 4.80 5.50 -
HSBC Premier 5.49 4.39 5.15 5.39
HSBC Premier LVR > 80% - - - -
Lender Flt 1yr 2yr 3yr
HSBC Special - - - -
ICBC 5.25 4.29 5.09 5.35
Kainga Ora 5.43 4.57 5.58 5.85
Kainga Ora - First Home Buyer Special - 2.25 - -
Kiwibank 5.00 5.55 6.19 6.39
Kiwibank - Offset 5.00 - - -
Kiwibank Special 5.00 4.55 5.19 5.39
Liberty 4.84 - - -
Nelson Building Society 5.95 4.95 5.85 -
Pepper Essential 3.44 - - -
Resimac 4.59 5.60 6.16 6.29
Lender Flt 1yr 2yr 3yr
SBS Bank 5.29 4.69 5.35 5.49
SBS Bank Special - 4.19 4.85 4.99
Select Home Loans 4.09 4.29 4.86 5.09
The Co-operative Bank - First Home Special - 4.19 - -
The Co-operative Bank - Owner Occ 5.45 4.29 5.19 5.45
The Co-operative Bank - Standard 5.45 4.79 5.69 5.95
TSB Bank 5.59 5.14 ▼5.79 6.15
TSB Special 4.79 4.34 ▼4.99 5.35
Unity 5.65 4.80 5.50 -
Wairarapa Building Society 5.24 4.55 5.20 -
Westpac 5.54 5.09 5.79 6.09
Lender Flt 1yr 2yr 3yr
Westpac - Offset 5.54 - - -
Westpac Special - 4.49 5.19 5.49
Median 5.45 4.55 5.25 5.52

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