Buying Off-The-Plan: Consumer Guide

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Buying a property ‘Off-the-Plan’ means you are buying a strata unit, townhouse or a retirement unit that has not yet been physically built. You are entering into a contract without having the opportunity to view and assess the finished property or project. When making your decision, view the building plans and artistic designs. Buying off-the-plan means you are entering into a legally binding contract to buy a property based on a ‘ promise’. The developer is promising to complete the building of the property and complete it in accordance with the agreed terms of the contract.

Many people find buying off-the-plan very daunting. This Consumer Guide aims to provide information and assistance to people considering this style of property purchase.