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.
AVENUE APARTMENTS
COMPLETED
Avenue Apartments is a NEW apartment complex and selling at probably the best price in Auckland. The established developers will include a FREE FURNITURE PACKAGE and you can secure with a 5% deposit. These generous sized freehold 1 & 2 bedroom homes have a car park and a balcony and include tiled showers, double glazing, engineered stone bench tops and Bosch appliances, washing machine, dryer, fridge & microwave. Part of a private secure gated community with swipe card access, CCTV and on site management, Avenue Apartments are only minutes to public transport, Mangere Bridge and central to Auckland Airport, Middlemore Hospital and the Otahuhu Industrial area. You will gain from the massive planned infrastructure spend at the Airport, Middlemore Hospital and projected population growth. Great investment or first home
| 1 bed (incl furniture package) | SOLD |
| 2 bed (incl furniture package) | SOLD |
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