Kāinga Ora to sell 900 homes a year in new govt plan

4th February 2025 By Staff Reporter | news@propertyticker.co.nz | @propertyticker

Kāinga Ora is to sell around 900 homes per year as part of a turnaround plan unveiled by the government today.

“The Kāinga Ora turnaround plan means that from 2026/7 onwards, Kāinga Ora will be involved in around 1900-2000 construction events per year, made up of approximately 1500 new build homes and 400 retrofits of existing homes,” said Housing Minister Chris Bishop.

“This will be offset by demolitions associated with redevelopment activities, and sales of around 900 homes per year. This means the number of Kāinga Ora social houses will not reduce over time, and existing older or unsuitable housing stock is refreshed.”

Kāinga Ora has assets of around $47bn, owning about 75,000 homes, and is the country’s biggest landlord.

The Kāinga Ora Reset Plan can be read here.