New build investment properties are exempt from the revised interest deductibility policy introduced in 2021. This means that you will be able to continue to write-off interest costs against any income made from the property.
We build durable properties which we know are going to stand the test of time, plus as everything is brand new, there will be little maintenance and upkeep required on the property. This not only means reduced costs, but it also takes a lot of the hard work out of being a landlord.
The current building codes place greater emphasis on the quality of materials and workmanship. This means when buying a new build over an existing property, you are investing in a modern property that has been built to a high standard .
Buying brand new means that you are protected by the implied warranties set out in the Building Act. These warranties last for 10-years and are put in place to ensure that the work is of a high standard and is as per the plans.
A new build has much greater rental appeal as, from a tenant’s point of view, this means a warm and modern property with fewer maintenance requirements.
The new Healthy Homes Standards have put in place minimum requirements for insulation, heating, moisture, drainage, ventilation and draught stopping, and all of our properties have been built in line with these new standards.
