Passive Partnerships
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A new path to home ownership and investing

Passive Partnerships offer a new option for owning your home without needing a home loan. Get started with lower payments than rent while having complete control over your home — no bank approval needed.

For investors/landlords, it removes all the hassles and decisions while eliminating most of the costs — so you get higher returns.

I want to buy a home → I want to invest →

The problem

Both renting and getting a large home loan are hard

For decades the choice has been binary: rent forever and build nothing, or take on hundreds of thousands in bank debt you may never qualify for. There has been no middle ground — until now.

Renting

0% ownership
  • You're paying off someone else's home
  • No equity, no matter how long you stay
  • The landlord can sell — and you move
  • Every dollar of rent is gone for good

A full mortgage

Large long-term debt
  • Borrow $400k–$800k+ and pass strict criteria
  • Decades of interest — often more than the house
  • Exposed to every interest-rate rise
  • Out of reach for many who will never meet strict bank criteria

Passive Partnerships

Own the share you can
  • Start with a share — build to more over time
  • No bank, no interest, no rate shocks
  • Security of tenure and full control
  • Real equity that grows with the market — and you can buy more any time that suits

The idea

Two part-owners. One home. Aligned incentives.

A Resident Owner and a Passive Owner co-own the property directly, as tenants in common. The Resident Owner lives in it and runs it like a full home owner; the Passive Owner holds equity but makes no decisions. It's that simple.

1

Choose your share

Buy the portion you can afford — say 20%. A Passive Owner holds the rest. You're a co-owner from day one, not a tenant.

2

Live like an owner

Renovate, paint, get a dog, plant a garden. You make every decision and pay a below-rent fee on just the share you don't yet own.

3

Buy more, at your pace

Top up your share whenever you can — or sell some back if life changes. Any value you add to the home stays with you.

See how it works in detail →

Two ways in

Built for both sides.

Whether you want to live in a home or invest in housing without the landlord circus, the model is designed for you.

For residents

Get on the ladder, your way.

For Kiwis who can afford rent and have a deposit, but don't qualify for a large bank loan.

  • Start with 20% and increase at whatever pace suits
  • No bank loan, no mortgage serviceability test, no rate hikes
  • Total control of your home
  • No requirement to own it all
Learn more for residents →
For investors

Like an index fund for housing.

For investors who want the housing market without the tenancy headaches.

  • No decisions, hassles or costs of being a landlord
  • Returns track the regional-average market
  • Steady income, no vacancies or disputes
  • The Resident Owner's equity protects your capital
  • Lower cost of ownership means higher returns
Learn more for investors →

Built carefully

Backed by serious people, and an objective process.

A brand-new way to share ownership only works if it's trustworthy by design. So it is.

Non-profit at the centre

The body that keeps the register and sets fees takes no profit and works for both owners — no incentive to push the numbers either way.

Real, registered ownership

Both parties are registered on the title as tenants in common. Your interest is genuine, secured co-ownership — not a private side-deal.

Chapman Tripp legal

The standard agreement was drafted by a leading NZ law firm, pro bono, so ordinary people can enter a partnership safely.

Tax certainty

The tax position is grounded in long-established legal precedent, so both sides know where they stand before anyone commits.

Meet the players →

Want a smarter path to a home you can call yours?

We're starting with a small group of homes. Join the waitlist as a resident or an investor, and we'll be in touch as opportunities open up.

Join the waitlist →