Renting to Housing New Zealand

Last year, I noticed a recently developed property for sale that had a long-term lease (~15y) to Housing New Zealand (HNZC). This made me wonder about the viability of developing budget accommodation to lease to HNZC. Has anyone had any experience of leasing property to HNZC?

Thanks in advance

Get real, I bought a house leased it out to the housing corp and on sold it to my daughter who has on sold it again. I visited the house once my daughter been there twice no problems at all. The people renting dont know who owns it the hc were great no complaints at all.
I bought it at $125000 at a mortgagee sale rented to the hc for $250 pw sold it to my daughter and her friend for $145000 after six months who sold it 2yrs later at $215000 and i think the rent was $295 pw. Hope that helps macdunk

All the answers that you seek could be found here:
http://www.hnzc.co.nz/aboutus/initiatives/leasing.htm

Hope it is of help...:)

There has been one recently in Lincoln Auckland on good yeild took about eight months to sell and price dropped about $30,000.00 as well. seems nobody wants them very much with such long term leases.

ENIGMA, i leased my one for three years my daughter renewed it for a further 3 years i think. macdunk

Duncan this one had 11 years to go with a right of renewal for a further 8 years