In December 2015, New Ground Capital teamed up with the NZ Super Fund and Ngāi Tahu Property to develop 208 new homes at Hobsonville Point, of which 47 were retained by the consortium as long term rental units and the balance sold on the open market.

Ngāi Tahu Property acted as development manager and New Ground is responsible for managing the rental properties.

LOCATION

Housing Options

The development offers a mix of housing typologies ranging from apartments and terraced housing, through to standalone homes. Half of these homes were offered to the market beneath the Auckland median house price.

Rental Properties

47 of the homes being built have been retained by the consortium and made available as long-term rental properties. Anyone can apply to rent one of these homes via New Ground Living.

This initiative, the first of it's kind in NZ, offers households a rare opportunity to lease a professionally managed rental property in a neighbourhood with high quality amenities, including the new Hobsonville Point primary and secondary schools. With lease terms of up to seven years, leaseholders know that they have security of tenure, whilst still being able to shorten their lease should their circumstances change.

New Ground Property Management Limited is responsible for managing the rental properties, and more information can be found on these properties on the New Ground Living website.