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ARTICLE · 12 OCTOBER 2022

What you should know when buying vacant land "off the plan"

Stacks Law Firm
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There are many factors to take into consideration and potential pitfalls to be aware of, when buying 'off the plan'.

AustraliaReal Estate and Construction
Sue Steel
Sue Steel
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Many people dream of finding some vacant land and building a special home on it. But just as with buying an apartment "off the plan" in a yet-to-be-built apartment block, there are many factors to take into consideration and potential pitfalls to be aware of.

What does it mean to buy vacant land off the plan?

Buying vacant land to build a dream home can be an attractive proposition and an alternative to buying an existing house or apartment.

It is important not to be too starry-eyed about building your dream home on land offered as a pre-sale or "off the plan" - meaning before it is ready to be built on, before land titles are issued, and before construction of the subdivision and roads is complete.

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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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