The government has confirmed that new builds and off-plan properties will be exempt from the upcoming tax changes for residential property investors. Therefore mortgage interest will likely continue to be deductible as a tax expense, and these properties will also be exempt from the extension of the bright-line test.
New build apartments and terrace homes also often have lower LVR requirements and potentially lower interest rates.
To read a full analysis of all these benefits CLICK HERE.
PACIFICA
COMPLETE
OIA TRANSITIONAL EXEMPTION APPLIES – Invest or live
Join Auckland’s CBD urban renaissance… Pacifica on completion will be one of, if not, the best apartment complex in Auckland’s CBD and is expected to be complete before the Americas Cup. The Melbourne based developer has a proven track record delivering high end residential projects. This vertical community of large apartments includes a heated 20m pool, sauna, steam room, spa, gym, media room, terrace lounge, BBQ area, an option of 24 hour valet parking and a concierge with a suite of services. Britomart precinct is on your doorstep and a few minutes walk to Commercial Bay and the restaurants and bars in the Viaduct.
| 1 bed | From $852,000 |
| 1 bed plus study nook | From $895,000 |
| 2 bed | From $1,346,000 |
| 2 bed plus study nook | SOLD |
More Information
