Limited information is available about a fund that will allow investors to purchase a slice of an Auckland residential property portfolio.
The scheme, which offer investors shares of parcels of three-bedroom houses, is in development.
It is understood investors will be required to hold their shares for a minimum of 11 years.
Up to 10 properties will be purchased in one group.
A prospectus is expected to be released within a few months.
Source: Landlords.co.nzcomments powered by Disqus