Buying off the plan
6 simple steps to buying property off the plan
1. Find your property
Once you’ve determined your budget, property/land requirements and desired location, use our handy search tool above to search current and upcoming developments and project opportunities.
2. Secure your property
The best properties/land usually sell first so be ready to move quickly to give yourself maximum choice and opportunities. This strategy can also save you money, as developers may sometimes release lower-priced properties or land first to secure early sales.
3. Check the contract
Buying off the plan means committing to buying before a property is built. Be sure to have your solicitor review the sale contract before you sign, which like when buying an established home is a legally binding agreement between buyer and vendor.
4. Pay the deposit
Most off the plan purchases require a 5% to 20% deposit upon contract signing, with the balance payable at settlement once construction is finished. This gives you extra time to save before you start paying off your home loan.
Construction duration varies with each development, so avoid surprises by obtaining an expected completion date from the developer beforehand. As the construction period draws to a close, you will be given an estimated date of settlement.
With construction complete the building needs to be signed off for compliance, with final settlement usually required 14 days thereafter. Once your final balance is paid and the contract settled, the property is yours to enjoy!
388 Barkly Street is a thoughtful series of sophisticated, sustainably designed homes situated in Brunswick – on the cusp of the area's sprawling parklands and outdoor amenities, and just beyond Melbourne's bustling CBD Created in collaboration with local practices DREAMER and Breathe Architecture, the design is guided at every step by principles of ethical architecture, and a desire to craft beautiful, functional homes that facilitate a meaningful connection between residents and nature.
Hovering above the ocean with endless expanses of sparkling blue sea and wide Pacific horizons providing a backdrop that will take your breath away, this absolute oceanfront penthouse is unequivocally one of the finest residences lining Sydney's coast Six full-floor apartments comprise the newly completed 'Aquilam' security building, that has been superbly appointed and meticulously crafted to ensure it lives up its unsurpassed coastal setting.
Get in touch
We sell apartments, land estates and house and land off the plan. If you're interested in buying a new home, submit an enquiry and we'll be in touch.