The Government launched the Progressive Homeownership Scheme under the umbrella of KiwiBuild, Labour's flagship housing policy that went through several changes, after it failed to deliver on its targets.

Housing Minister Megan Woods posted a video on Twitter hailing the scheme as a success, saying there are more in the pipeline. She said it will get between 1500 and 4000 Kiwi families currently locked out of the housing market into their own homes.

National's Housing spokesperson calls it "embarrassing".

"It's a total failure that the Government announced a rent-to-buy scheme in 2017 in the Prime Minister's speech from the throne, and yet here we are three-and-a-half years later and only 12 places have been delivered," she told Newshub. Read more