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.
THE HADLOW – TERRACED HOMES
COMPLETION EXPECTED Q4 2022
OIA EXEMPTION APPLIES – Invest only
Conrad Properties, NZ’s largest developer has introduced an exceptional Terrace House community complimented by a few apartments. Close to the bars and eatery’s of Ponsonby & Grey Lynn, all residences have an enclosed courtyard, concrete intertenancy walls, 2.7m ceiling height to living areas, tiled bathrooms, options of heat pumps, underfloor heating to bathrooms, gas cooking and for those that don’t have a car park, pay per use shared electric cars. Sustainability with distinctive elegance & sophistication are the hallmarks of this development. Pets are allowed and Hadlow residence will have a communal vegetable garden. Due to popularity, terrace houses have sold.
| 1 bed apartments | From $695,000 |
| 3 bed apartment | SOLD |
| Terraces | SOLD |
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