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.
JAMES LAURIE ST – HENDERSON
Completion expected Mar 2021
Ideal for First Home buyers and investors, this boutique complex of 13 two bedroom two level Terrace Homes with car parks is developed by an established developer. Each freehold home has its own North or North East facing courtyard and each home has a 6 Homestar rating. All of this ensures a home that is warm, dry and healthy, but also costs you less to live in. A 10 year master build guarantee, alarms, double glazing, engineered stone bench tops, heating and blinds are all included. Close to public transport. Ask about eligibility for a Homestart Grant. BE QUICK, SELLING FAST!
| 2 bed | from $590,000 |
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