Special Tax Exemptions for Investors

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.
For those owner occupiers or investors looking for extremely generously sized 1 and 2 bedroom well priced apartments with car park options and close to the redeveloped train station then you need to consider these. With completion due late 2016, you can secure at a fixed price and still have time to save, however apartment numbers are limited. New Lynn is enjoying a suburb wide rejuvenation and now offers the Ponsonby Central-esque “Brickworks Lane”, Les Mills Gym and redeveloped Lynn Mall shopping centre. Become part of huge growth opportunity being offered in and around New Lynn going forward.