National says its new plan for rental accommodation will help renters and investors alike

It's unveiled the Boost Build-to-Rent Housing Bill.

Housing spokeswoman, Nicola Willis, says it will give tenants long-term security, professional landlord services, and the chance to live in a new home.

She says developments would be exempt from some overseas investment restrictions, and properties would be on a commercial tax rate.

Willis says her bill removes barriers to encourage investment, helping address the housing shortage.