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.
RAMADA NEWMARKET
COMPLETED
OIA TRANSITIONAL EXEMPTION APPLIES – Invest or live
These brand new completed freehold apartments are from an established developer Safari Group. Only 2 min walk to Westfield Newmarket, restaurants, boutique shops, close to Newmarket train station and in Double Grammar School zones, incl basement car parks with most apartments, 2.7m ceil height to living area, heat pumps, appliances, curtains/blinds and more. Ideal solution for those looking to trade down or professionals where location is key. Dual Key options ( 2 apartments on one title ) returning appraised rental income of $975-$1045 pw are solid investment or home & income options. Note that the apartments are separate from the Ramada Hotel.
| 1 bed (with large courtyard) | SOLD |
| 2 bed + study | From $1,450,000 |
| 3 bed + study (large penthouse) | From $2,650,000 |
| Dual Key | From $1,315,500 |
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THE DOMAIN COLLECTION
CONSTRUCTION COMMENCEMENT EST OCT 22
Directly opposite the Auckland Domain these 1,2,3 and 4 bedroom apartments redefine luxury, with generous interiors and many having endless outlooks over the Auckland Domain. These are generous homes of up to 400m2, many featuring laundries, media rooms, butlers pantries and extensive storage. There are options to suit all budgets. Bought to you by experienced developers Lamont & Co working with Icon and Architects Warren & Mahoney.
| 1 bed apartments | From $1,000,000 |
| 1 bed plus Multi Purpose Rm | From $1,350,000 |
| 2 bed apartments | From $1,500,000 |
| 2 bed plus Multi Purpose Rm | From $2,800,000 |
| 3 bed apartments | From $2,395,000 |
| 3 bed plus Media Room | From $3,800,000 |
| 4 bed plus Media Room | From $5,900,000 |
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