Buying apartments off plan

What are the advantages?

  • Put down initial deposit only – usually 10% of the purchase price
  • Purchase price fixed for the duration of the contract
  • Take advantage of market growth – growth is geared only by the deposit paid
  • Time to plan sale of existing property prior to settlement of your new off plan apartment
  • Time to raise finance
  • No need to compete at auction
  • Low Maintenance and Management input – Minimal maintenance, no lawns or gardens to do
  • Good facilities – pool, gym, etc.
  • Modern designs and colours, insulation and heating
  • Built under new building code
  • Take advantage of the insatiable rental demand for apartments.
  • Good quality tenants
  • Can organise Management of your apartment
  • Rental income generally higher on new property
  • Tenancy terms generally longer on new property