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.
LAKEWOOD PLAZA
COMPLETED
Lakewood Plaza is set to become the iconic apartment complex in Manukau. This vertical community is resort style living at its best, You will have membership to the on site health club which includes a full commercial gym with in-door swimming, spa pool and sauna. There are a number of freehold 2 bedroom 2 bathroom apartments or Dual Key apartments ( two apartments on one title ) with magnificent views. All apartments include bosch appliances Fridge, washing machine, dryer & microwave and some have a full furniture package including beds, couch, dining table & chairs, TV etc. You would also be within walking distance of the train station and buses, close to AUT and Westfield. Great investment options or home and income with dual key rental appraisal in excess of $880pw.
| Dual Key | From $669,000 |
| 2 bed | From $609,000 |
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Note – All property subject to current availability & pricing