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GUIDE TO PROPERTY INVESTMENT COMING SOON

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Why invest in a new build?

Exempt from Tax Restrictions

As the owner of a new build, you will be exempt from the revised interest deductibility policy currently proposed by the Government – This means that you will be able to write-off interest costs against any income made from the property.

Exclusion from current LVRS

The current LVR (Loan to Value Restrictions) require a minimum deposit of 40% on an investment property. When buying a new build, you are exempt from these restrictions meaning less of a deposit is required by you.

Low Maintenance

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.

Brand New

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.

10 Year Implied Warranties

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.

Quality Property = Quality Tenant

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.

Insurance Premiums

Many insurance companies offer discounts or lower prices when insuring a new build. This is because, unlike a lot of existing properties, a new build is constructed, plumbed and wired to the most current building code.

Healthy Homes Standards

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.

TESTIMONIAL TOM G – CHRISTCHURCH

“My wife and I have purchased two investment properties with Wolfbrook and now our son is about to do the same. The whole process was stress-free and seamless and we couldn’t be more pleased with the properties.”

How buying a Wolfbrook property works

Contact

— Get in touch with our team to have a look at the selection of properties that we have in the pipeline.

01

Conditional Agreement

— Once you have chosen your preferred property, you will sign a conditional Agreement for Sale and Purchase for you to then take along to your lawyer.

02

Due Diligence

— Together with your lawyer, you will complete your due diligence on the property. Once you have decided that you’re happy to proceed, you will confirm the contract as unconditional and pay the deposit.

03

Relax

— Sit back and relax while we do all of the hard work. We will keep you updated throughout the build, and once the house is completed and the title has issued, you will then pay the balance funds. In return for this, we will provide you with the keys to your brand-new house.

04
Property management
Property management
Property management

Wolfbrook Property Management was formed in 2015 by James Cooney and Steve Brooks to manage their combined personal property portfolio. James and Steve discovered a gap in the market for a specialised property management company that was less sales-focused and more concerned about taking care of the actual properties.

Armed with local knowledge and years of industry experience, the team at Wolfbrook Property Management have an in-depth understanding of the markets, trends and challenges that can often come with renting out a property.

From attracting and retaining the best possible tenants to ensuring that you get the most profit from your investment property, we will ensure your property is looked after and assist with taking the hard work out of being a landlord.

Let’s chat! — Wherever you are in your property journey, we’d love to hear from you.