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.
WONDER
COMPLETION EXPECTED Q3 2024
Established developers Urban Collective newest Eden Terrace development in this vibrant neighborhood offers striking architecture with exposed concrete ceilings and expansive stud heights. Use of environmentally friendly materials include kitchens made from sustainable & recycled products, common area carpet made from recycled fishing nets and more. Also included, a chill room for supermarket delivery, bicycle storage with charging facilities, BBQ roof top dining & library area. Immediate proximity to Ponsonby, K Road, Queen St, Mt Eden & Newmarket. Wonder is pet friendly.
| 1 bed | From $685,000 |
| 1 bed plus study | From $775,000 |
| 2 bed | From $915,000 |
| 2 bed plus carpark | From $1,645,000 |
| 3 bed plus carparks | From $2,715,000 |
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