Each quarter, Housing New Zealand publishes two sets of information.
The demand for our homes has changed since the majority of social housing was built prior to 1980. Today, we need more one and two bedroom homes and five bedroom homes in our main centres.
To meet this demand we look to redevelop, build, buy and lease houses where we need them. To help fund this work it makes sense that we look to sell some properties.
Properties may be sold for a variety of reasons, including the property being old and too expensive to maintain, no longer meeting customer needs, not performing financially, or it not being in the right place to meet demand.
Our commitment for the future is that state houses are part of healthy and sustainable communities including state, social and privately owned properties.