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ARTICLE · 06 APRIL 2022

Plain English guide to buying off the plan

Coleman Greig Lawyers
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Answers to some of the more commonly asked questions about buying real estate Off the Plan.

AustraliaReal Estate and Construction
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This Plain English Guide answers some of the more commonly asked questions about buying real estate 'off the plan' and should be read in conjunction with Coleman Greig's Plain English Guide to Buying Real Estate.

Why buy "off the plan"?

In recent years buying "off the plan" has become quite popular, particularly for investors but also for home buyers.

The concept has advantages both for the purchaser and the developer.  From a purchaser's point of view, property which may not be completed for some time can be purchased at today's prices.  This can be a real benefit in times of rising prices.  A developer will also usually be prepared to sell more cheaply where the "final product" can't be shown to the purchaser.

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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