Looking to invest in property?
Whether you are looking to start your investment portfolio or add to an existing one, investing in a Wolfbrook Residential property has the potential to set you on a journey to financial success. New build properties are exempt from recent changes to interest deductibility and you will be able to continue to deduct their interest costs from the income derived from the property. A 5 year “bright line” test applies to new builds vs a 10 year period for existing properties. The location of every Wolfbrook development is identified as an area of high growth. We then work closely with interior designers and architects to design a development that meets the market demands of that location.
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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.
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.
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.
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.
“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.”
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.