Buying and Selling Off the Plan

---

Buying off the Plan means you are entering into a Contract to purchase a property that is not yet constructed, or construction has commenced but is not yet completed.  Some benefits of buying off the Plan include a possible reduction in stamp duty (determined by the stage of construction, the price and your personal circumstances) and you may be able to request fixtures and fittings of your own choosing.

Buying off the Plan also means you do not have a fixed settlement date and some Contracts allow the Developer up to five years to complete the project and settle.  This can be negotiated if you are buying an apartment in a small block, however if you are looking to buy an apartment in a large high-rise, potentially settlement could be 4-5 years away. 

Selling off the Plan is often a preferred choice for developers.  As a developer, in order to secure finance you may have a requirement to secure a number of unconditional pre-sales.

Our firm specialises in Off the Plan conveyancing, from 2 Lots to 200 Lots.  We have the facility for electronic Contract signing, task driven communication with you and the Purchasers, updated sales data to keep you on track as to progress of your sales and prompt communication with Purchasers' legal representatives to ensure settlement takes place on time.  As part of this process, we will also undertake the legal aspects of lodging the Plan of Subdivision