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Buying off-the-plan risk #3: what’s it really worth?

By on in Buying

Buying off-the-plan certainly has appeal! There is no denying that there are attractive pro’s, but in an uncertain market, can you really be sure that the property you sign up for will be worth as much at completion? Whilst a glossy brochure may state that an off-the-plan investment property is worth $500,000, it’s your bank’s opinion that really counts, […]

Buying off-the-plan risk#2: To rent or not to rent?

By on in Buying

So, you are about to sign a contract for an off-the-plan investment property. You’ve found the perfect rental property! Or, so you think. How well do you know the market? If your dream is to rent out a city apartment, think carefully. Across Australia, vacancy rates for inner-city apartments have risen, with Perth currently leading the pack at around 7%.  […]

Buying off-the-plan risk#1 – that’s not my home!

By on in Buying

Imagine a world where you could safely assume that a property bought off-the-plan would be worth more at settlement, than when you signed up for it. There’s the lure of an upfront deposit of 5-10%, while you save your pennies for a couple of years in preparation for the final payment. And then, when the big day arrives, […]

Benefits of buying off-the-plan

By on in Buying

What does it mean to buy “off the plan”? Explore our previous article to find out. This article aims to summarise some of the many perceived benefits in buying off the plan. Lower purchase price Real estate property developers are often keen to sell as many properties as early as possible, and so prices are […]

What does it mean to buy “off the plan”?

By on in Buying, Selling

The owner of a large vacant block wishes to chop it up into small parcels (lots) and sell each new lot.  However, the owner has two problems. Firstly, he doesn’t have the substantial funds he needs to construct roads and install services for each lot. And secondly, he’s not sure whether anyone will want to […]