Off the plan apartments

Buying an off the plan apartment can be a great step to increasing your wealth if you have the right property investment strategy.

When looking to invest in property, many property investors like to consider buying an off the plan apartment. Property investors like buying off the plan apartments as there are a number of beneficial factors that make it an appealing investment. Some of the advantages of buying an off the plan apartment are:

• Buy an apartment at today’s value
• Increased value during the construction phase
• Off the plan apartment stamp duty benefits (some states)
• First selection of available apartments
• Full Depreciation available
• Suitable for Foreign property investors
• Selection of colour scheme and finishes (sometimes)

While considering an off the plan apartment it is also good to remember that there can be some risks involved. Some of the risks in buying an off the plan property are:

• Property prices could fall during construction
• You are buying a promise as you can’t walk through the apartment
• Build quality might not be as good as you had hoped
• Bank Valuation may come in lower than Contract price
• Your deposit could be tied up for many years even if the development doesn’t go ahead

So while there are advantages and disadvantages to buying an apartment off the plan, it is important to get some guidance with not only the purchase of the apartment but also the finance and structure surrounding that purchase to maximise your investment return. Many people fail to consider that finance and structure of the investment can be as important as selecting the right apartment.

Buying an off the plan apartment can be a daunting task for some but you can be assured if you work with Find Investment Property, or one of our nominated partners, you will be under great guidance which will not only see you purchase one off the plan apartment but many in your lifetime.

Find Investment Property have over 100 off the plan apartment developments avsailable around Australia and are ready to help you!

You can call us directly on 1300 12 FIND or email through a contact enquiry form on one of our apartment developments listed on the website. Jump to a selectoin of off the plan apartments below:

• Off the plan Sydney
• Off the plan Melbourne
• Off the plan Brisbane
• Off the plan Perth
• Off the plan Adelaide