Off-the-Plan Buyers Advisory
Frequently Asked Questions
Independent, contract-level guidance for off-the-plan buyers at the premium end of the Melbourne market.
Buying off the plan means signing a contract to purchase a property before it is built - based on floor plans, renders and specifications. You pay a deposit upfront (typically 10%) and settle the balance when construction is complete.
Rather than walking through a finished apartment, you are committing to a future product. The developer provides architectural drawings, a disclosure statement and usually a display suite. Most premium towers in Melbourne are sold this way - pre-sales are a requirement for developers to secure construction finance.
The critical difference from buying an established property: there is a time gap of 18 months to three years between contract and settlement, during which market conditions, bank lending policy and your own financial position can all change.
Advisory note
A buyers advisory reviews the disclosure statement and contract before you sign - not after. The terms set at this point govern everything that follows.
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