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ARTICLE · 28 NOVEMBER 2019

Purchasing OFF-THE-PLAN apartments - the right way

Purchasers must understand exactly what is included in the contract, to ensure that the property is a good investment.

AustraliaReal Estate and Construction

If you are purchasing an off-the-plan apartment, you probably have some concerns, and rightly so – as there has been plenty of negative news in the media. On the upside, if you are committing to buying a fresh new apartment, just like you see in the brochures, but on the downside, you may be worried about obtaining finance or whether the developer will complete the development on time, or at all! And if all that goes well, what do you need to do about any defects?

It may feel like a risky path, so you need to understand what you are in for and what is in your contract from the outset and give yourself the peace of mind that you are actually making a good investment.

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