Te Awa Terraces
To be builtTOWNHOUSES — Starting From $829,000
26-30 Earlsworth Road
Māngere East
Welcome to Te Awa Terraces
A higher quality of life awaits you… Townhouses start from $829,000
26-30 EARLSWORTH ROAD
MĀNGERE EAST
Located nearby to Middlemore train station this development also offers easy access to the motorway and a mere 8.5km drive to the Auckland airport.
Drive to the Auckland airport.
Walk to Walter Massey Park.
Drive to Papatoetoe Train Station.
Homes exuding
comfort and style
This thoughtfully designed development offers beautiful homes that are ideal for those seeking a relaxed lifestyle. Every home provides premium lighting, quality fittings and sophisticated detailing throughout.
Take a closer look
Retail, leisure and
entertainment
This development sits next to Royal Auckland and Grange Golf Club, Walter Massey Park and Ōtāhuhu Leisure and Pool Centre, offering both a healthier lifestyle and plenty of wholesome entertainment for homeowners to enjoy.
Gain the benefits
of buying off-the-plan
When purchasing a property from Du Val we only require a 10%* deposit upfront. The remainder of the balance is not due until settlement.
*The deposit is based on 10% of the agreed sale price payable to Du Val (the developer)'s solicitor and held in trust until project completion. Please consult your bank or mortgage professional for more information about lending criteria for your personal circumstances.
One of the most exciting opportunities that comes from buying a home ‘off-the-plan’ is that you can lock in the ownership of a property without having to settle for an extended period of time.
It may be one or two years before settlement, so Capital Growth while your property is being built can often make your initial deposit more valuable in the meantime.
Buying off-the-plan allows for the benefit of time. A longer settlement period means you have some breathing room to take care of the overall investment, like tiding up your finances, saving money and reducing the total amount you need to borrow.
Plus, you’ll also have more time to reduce any existing debts. If you intend to be an owner-occupier, this time can also be used to organise moving house, too.
Things can change in life, and we think people need flexibility to make decisions without worrying about tax. If you’re a landlord and want to sell, then you may need to wait 10 years before your property will fall outside the Bright-line Rules unless you want to pay tax on the capital gain of the property. New build properties built after 27th March 2021 fall outside the Bright-line Rules after 5 years, thus can be sold without having to pay tax on the capital gain of the property. A lot can happen over 5 years let alone 10 which is why we love new build homes to live in and for investment°.
°This is not tax advice. You should consult an accountant or tax advisor for tax advice.
Did you know that tax is often the second largest expense a property investor has if they don’t buy the right property. Off-the-Plan properties qualify for the exemption that applies to new builds, thus interest costs on new build properties are generally deductible. Unlike a second-hand home built before 27th March 2021, purchasers will generally enjoy 20 years of interest deductibility from the date when the CCC is issued. The 20-year exemption is transferrable to future owners of the property, potentially making the property more attractive to potential buyers if sold within that period and potentially saving you a great deal of tax as a landlord°.
°This is not tax advice. You should consult an accountant or tax advisor for tax advice.
For First home grant eligibility
check out this link
Register your interest
Speak to our property advisors to learn more about Te Awa Terraces.
Whether you're a homebuyer or an investor, take the first step towards modern living and smart investments.
