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.
Papatoetoe
COMPLETION EXPECTED Q4 2021 Stage 1, Q2 2022 Stage 2.
A new concept for the area, this freehold private contemporary townhouse development is in a great location, close to public transport, shops & motorway access. Each Terrace Home has a courtyard with space for the BBQ and the kids to play. Home comforts include a tiled shower, double glazing , centrally controlled heating and cooling, LED lighting throughout, soft close hinges to the kitchen, engineered stone bench tops and all the appliances. Microwave, Fridge/Freezer washing machine/dryer. Furniture packages are also available to buy separately. Rental appraisals between $610-$660 per week for a two bed. Car parks included. Great investment or first home!
| 1 bed (plus study) | From $609,000 SOLD |
| 2 beds | From $659,000 SOLD |
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