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.
INVESTMENT ADVICE
AT THE APARTMENT HUB we have specialist investment knowledge and can recommend the best property options and structure to suit your individual specific and financial situation. Whether a first time investor or a highly experienced investor, we can help you achieve your investment goals.
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OFF PLAN PROPERTY WORKS EXCEPTIONALLY WELL FOR INVESTORS
Excellent Yields – cash positive
Record low bank interest rates
Built to latest building codes
No need to compete at auction
Possible Capital Growth prior to settlement
Properties from under $600,000 to over $1,500,000
Dual income stream properties available
Fixed prices & secure deposits
Options available for Non Resident ( OIA Exemptions )
EXCELLENT YIELDS
With average house prices in Auckland now around $1M, and rents not keeping up with capital growth, yields on most stand alone houses have been dropping. THE APARTMENT HUB offer a selection of apartments, terrace houses and a select number of stand alone homes that deliver excellent yields. With interest rates at the lowest level for decades, an investor can own a new freehold property which is cash positive…..even after borrowing the entire purchase price* and after rental income less outgoings such as rates and body corp.
* assumes equity from existing property for the deposit
FIXED PRICE & SECURE DEPOSITS
Most properties are secured with a 10% deposit held in solicitors trust account Prices are fixed and can’t go up.
CAPITAL GROWTH PRIOR TO SETTLEMENT
Securing an off plan property at a fixed price allows you to take advantage of any capital growth prior to settlement.
BUILT TO THE LATEST BUILDING CODES
You have the security and peace of mind that the property has been built to the latest building codes.
DUAL INCOME STREAM PROPERTIES AVAILABLE
Two properties on one title. These deliver exceptional yields. As an example – purchase prices in $700k’s and weekly rental in excess of $800.
OPTIONS AVAILABLE FOR NON RESIDENTS
Non resident can’t purchase property in NZ. The exception is where a developer of an apartment complex gets an OIA exemption. The Apartment Hub has a number of OIA exempt options available. Refer to individual properties under the PROJECT section.