Want to start your investment portfolio but don't know where to start?? This 3 bedroom property is currently leased by Housing NZ for a fixed period and the rent is always continuous regardless of the property being tenanted or not. Has a rental return of $22620 Per annum. It is Housing New Zealand's responsibility to organize tenants and are responsible for all property management duties, maintenance and repairs when required and all you need to do is not think about it! What more can I say except that this is a total no brainer investment with nothing for you to do except relax in knowing your money is working well for you.