shadow s

Personal Solutions
Buy a property
Buy my first home
Sell my home and buy another
Buy an investment property
Build my dream home
I am an overseas buyer
Buy 'off-the-plan »
Property title information
Refinance
Home loan products
Getting started
 
Home > Personal Solutions > Buy a property > Buy 'Off the Plan'

Buying 'Off the Plan'

Forward Planning
Off the plan purchases have been a popular trend over the last decade in Australia. If you are interested in buying a property off-the-plan, you should –
  • Inspect the display unit carefully as you are purchasing the property sight-unseen
  • Go through the contract with a solicitor
  • Understand the terms of sunset clauses and their implications
  • Be aware of variations to the contract which gives the builder flexibility to modify the construction and inclusions
  • Check your options especially in relation to the schedule of finishes
  • Check allowable variations in costs
  • Review the Body Corporate/strata fees and regulations
  • Be aware of when your stamp duty liability is due for payment
  • Find out if the deposit is held in a trust account

Deposit

Usually the deposit required is 10% of the purchase price. You may want to consider a long-term deposit bond in this case.

Settlement

Make certain you do a pre-purchase inspection, checking against your schedule of finishes and inclusions.

 

 
Easy ways to find answers
Contact us T: 02 9972 4452
F: 02 9972 4605

or choose from the options below:
facebook Keep in touch on Facebook
apply online Apply online
Make an appointment Make an appointment
Email us Email us
We'll call you back We'll call YOU back!

aHomebuyers' Resources
a
aaCalculators
aaReports & Checklists
aaLoan Jargon

 
mfaa logo  
 
Property Finance Professionals
PO Box 439 Gladesville NSW 1675
Tel: 02 9972 4452 Fax: 02 9972 4605
ABN 77 107 510 574 ASIC Credit License 388317
BF Ventures Pty Ltd T/as Property Finance Professionals
shadow aHome | Contact | Terms of Use | Privacy Policy © eworks.net.au 2012
This site does not provide financial advice
shadow