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How can I pay off my investment property sooner?

Here are some tips to help you boost your investment property equity quickly:
  • Get a Tax Depreciation Schedule done annually for your property. This will tell you exactly what you are allowed to claim as depreciation, which will help you maximise your New Zealand tax benefits.
  • Talk to a First National Real Estate property manager for advice on improvements you could make to your property that would increase the rent.
  • To pay off your mortgage faster, consider making your payments fortnightly rather than monthly. Talk to a financial advisor for further advice.
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