BUYING OFF THE PLAN
The things you need to know.
Purchasing off the plan can be a great option for first home buyers, experienced real estate purchasers and investors but it is important to consider your own situation and if buying off the plan is a good fit for you.
Bracken Hall are experienced agents when it comes to providing off the plan properties and take the time to ensure that it is a good option for each individual client.
There are plenty of benefits associated with buying a new apartment off the plan and we have done our best to outline these for our clients below. Reach out to a Bracken Hall team member if you would like to discuss some of our current opportunities.
Most new developments include a range of properties that are in different positions within the building. Getting in early and buying off the plan simply gives the buyer greater choice when it comes to choosing their property.
A important benefit for many people is the ability to save money whilst construction is in progress. This may allow you to get ahead early in the life of your mortgage or provide funds for new furniture or other priorities in your life.
Many people choose to buy off the plan as they may need to arrange the sale of their current property or have other time based projects in place that make it more appealing to have the construction time up their sleeve.
Owner occupiers are the big winners with the savings that can be made on the cost of state government stamp duty. There is currently a significant incentive for people to buy off the plan and minimise their total cost of purchase.
People that buy off the plan often have the opportunity to make alterations to floor plans and the type and style of fixtures and fittings that will be used, ensuring your new property is more suited to your wants and needs.