Purchasing property 'off-the-plan' has become an
increasingly popular option for buyers in South Australia.
What is 'buying off-the-plan'?
Off-the-plan contracts are a form of pre-construction agreement
that allows buyers to purchase a property before it has been built
or developed. The contract will include details of the construction
timeline and the expected completion date, as well as the purchase
price and any conditions that the buyer must meet in order to
secure the purchase.
Off-the-plan contracts are popular for a number of reasons. They
allow buyers to secure a property at a lower price than if they
were to purchase it on completion and they can also potentially
obtain a stamp duty saving. Buyers can also take advantage of any
pre-construction discounts that the developer may offer.
