BUYING OFF THE PLAN

Attractive pricing, tax benefits,

customisation, high rental yield

IS JUST THE BEGINNING

ATTRACTIVE PRICING

Unlike established properties, off-the-plan homes are introduced to the market as part of a larger development, resulting in competitive pricing for individual units within the project. The earlier one enters the project, the higher the likelihood of being eligible for financial incentives.

As you are able to secure the property’s price before completion with just a deposit, purchasers of an off-the-plan property will often achieve capital growth before building has been completed. The value of land and the associated property is likely to increase over time but the purchase price will be set at the time of deposit.

MORE TIME TO SAVE

When buying a property off the plan, it's common for buyers to make a 10% deposit, with the remaining balance due upon the property's completion. This provides buyers with additional time to save before taking over the property and beginning loan repayments.

Additionally, there will likely be an increase in the property's value during this period, allowing the potential to lower your Loan to Value Ratio (LVR).

GOVERNMENT ASSISTANCE

It's a good idea to explore the possibility of qualifying for government assistance in covering the expenses associated with the purchase of an off-the-plan property.

For example, if you are a first home buyer, you may be eligible for a government grant. The First Home Owner Grant (FHOG) scheme is specifically designed to promote and support homeownership nationwide. While the specifics of the grant can vary among states and territories, in many regions, it is exclusively available to individuals purchasing new homes, including off-the-plan.

To determine your eligibility for the grant or other potential incentives, contact your state or territory government for information.

ABILITY TO CUSTOMISE

The earlier you purchase within the development the more choice you will have as to the location within the development, on floorplan configuration and the potential to choose colour schemes, appliances, fittings & fixtures and flooring.

LOW MAINTENANCE

Moving into an existing property there are inevitable repairs and updates required, potentially even major renovations for older buildings. By moving into a brand new build where you have been involved in customising to your taste, minimises this expenditure. Additionally, today’s council regulations require energy efficient appliances and overall building design that will reduce household running costs.

HIGHER RENTAL YIELDS

An important consideration for investors is how attractive the property will be to potential tenants amongst the nearby competition.

New apartments and homes with all the mod cons, sleek finishes and well-designed layouts are highly competitive in the rental market and attract stronger returns for investors.

TAX BENEFITS

Particularly important for investors, if you have purchased off-the-plan as an investment you are able to establish a depreciation schedule across the property’s brand new appliances and fixtures.

You can potentially save thousands at tax time.

STAMP DUTY CONCESSIONS

Stamp duty concessions vary from state to state. For example, in NSW you are able to delay the stamp duty payment on an off-the-plan purchase by up to 12 months if the property will be your main residence. A conveyancer can assist in advising on any available concessions in your region.

WE EXIST TO DELIVER

INNOVATION, SIMPLICITY, AND REWARD

AUSTRALIA’S LEADING PROPERTY BUYER’S AGENCY

White Picket Fence represent buyers in the real estate process. We have developed unique strategy, process and systems for our clients that give them a competitive edge in the property-buying process.

Our service is designed to make the real estate process simple, fun and rewarding for the buyer.

We provide a diverse range of services which include: Buyers Agents and Buyers Advocacy, Property Management, & Auction Bidding. Property is in our DNA at White Picket Fence. We strive to deliver an innovative, thorough and rewarding approach.

Since 2009, we have provided buyers with an unprecedented service experience coupled with extraordinary results.