18/01/2025
Ever considered buying off the plan?
Here are 6 reasons that you may want to look into it:
1. Stamp Duty Savings
Most Australian States/Territories have incentives and concessions that may reduce your stamp duty when buying off the plan.
2. Potential Capital Gains
Buying off the plan at todays price gives the possibility of market growth during the construction time, meaning you could own a property that's worth more than you paid for it by the time you move in!
3. Depreciation Benefits
If you're buying off the plan for Investment purposes, you may be eligible for thousands in tax deductions.
4. Builders Warranty
In most cases builders are required to provide builder warranty insurance that can cover you for up to 7 years, giving you peace of mind!
5. Buys You Time
In some cases you may be able to pay as little as 5% deposit for your off the plan property, and pay the balance upon completion. It's one of the easiest ways to get a foot into the property market and gives you time to save and plan for your new property.
6. Lower Power Bills
Thanks to the new Nationwide House Energy Rating Scheme, all new homes now require a minimum energy rating of 7 stars. This means that your new property will be tricked out with latest energy saving tech and appliances - which will save your pocket as well!
If you think an off the plan property might be for you, drop us a DM and lets have a chat!
