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Off the plan property sales

Ray White Burwood Project Team

Our Project Team deal with off the plan sales for luxury apartments and high-quality townhouses across the Eastern and South Eastern suburbs. They are specialists who can provide you with the latest property market insights, offering experience in off the plan investments and financial strategies.

We have a diverse portfolio of developments that will be a breath of fresh air for buyers looking for something tailored to their needs, in a premium location. For more information about our off the plan sales, including price and design, please feel free to contact our Project Team at any time. You can also register to receive regular updates of our off-the-plan sales via an email newsletter.

Contact us: Phone 03 9808 0988 or email burwood.vic@raywhite.com

Benefits of buying off-the-plan

When it comes to buying a new home – whether for investment or for living purposes – there are many choices to select from.

Some of the options include purchasing an established home, a fixer-upper, buying land for sale to build, or securing homes for sale off the plan.

Buying houses off the plan means that you are purchasing a dwelling that has not yet been built. You can view the plans and designs for the house, but there is no physical property for you to inspect.

There are many benefits to buying a home off the plan, as you will be obtaining a brand new dwelling that adheres to latest contemporary designs. However, there are a number of other benefits too, such as access to incentives or tax concessions.

Price

One of the best parts about purchasing off the plan real estate in Australia is how you pay for it. When you buy one of these properties, you pay a ten per cent deposit at the time of the sale. The remainder of the balance is to be paid once the property has been completed.

This could be months or years away, which allows you time to organise your finances.

Many people choose to secure homes off the plan because they are paying an agreed price, but the property may continue to rise in value over time.

For example, if you bought the property for $560,000 and in the 12 months that it was being built it grew in value by $2,000. This means that you would have secured a more valuable investment than you paid for.

However it’s important to note that this is not always the case and it largely depends on market conditions.

Financial benefits

There are some financial benefits that first time buyers and investors can take advantage of. Many states have put into place a first home owners grant, which applies to the purchase of brand new property under a certain value.

For instance, new buyers of real estate in Melbourne can access up to $10,000 from the state government to go towards their first home. The property has to be under $750,000 and is only available for the construction of a home, or the purchase of an off the plan property.

Buyers may also be eligible for a Capital Gains Tax discount of 50 per cent when they buy an off the plan home. A condition of this is that the owner must have held possession of the property for more than 12 months.