Verge Apartments

Under Construction

APARTMENTS —  Starting From $699,000

64 Hillside Road
Mount Wellington

Welcome to Verge Apartments

Reaching new heights in Mt Wellington… Apartments start from $699,000

64 Hillside Road
Mount Wellington

Proudly located in the heart of Mt Wellington are the stunning Verge Apartments. With easy access to the motorway, public transport links and Sylvia Park shopping mall.

mins

Drive to Sylvia Park.

Drive to Sylvia Park Train Station.

Drive to Auckland CBD.

Relaxing and entertaining living

Featuring two beautiful bedrooms and a pristine bathroom, every unit at Verge Apartments are built using the latest materials to provide modern yet affordable living. From a high-specification kitchen to an open-plan living space, these homes are perfect for both relaxing and entertaining loved ones.

Take a look closer

Offering convenience
at every turn

Just a short drive from Verge Apartments is Auckland’s largest shopping district, Sylvia Park. Shop at over 200 retailers or discover a world of dining at The Grove’s diverse range of restaurants and bars.

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.

Today’s Price For Tomorrow’s Opportunity

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.

Time Is On Your Side

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.

Bright-Line Test

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.

Interest Limitation Rule New Build Exemption

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°.