What to Expect When Buying Off-the-plan
PrimeOne Property Group
Last updated: 02/12/2025
Buying off-the-plan gives you the advantage of securing a future home at today’s price — but it’s important to understand how the process works.
Here’s a simple guide to what you can expect:
1. Early Access to New Projects
You view designs, floor plans, location details, and price lists before construction begins.
This gives you more choice of layouts and views.
2. Reservation & Contract Signing
A small deposit secures your chosen apartment or townhouse while legal contracts are prepared.
Your lawyer will explain:
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sunset clauses
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inclusions
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timelines
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deposit conditions
3. Price Security
You lock in the purchase price at the time of contract signing — even if market prices rise before completion.
4. Extended Settlement Timeline
Settlement usually occurs months or years later, giving you time to:
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save more money
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organise finances
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prepare for moving or renting
5. Construction Updates
Developers provide progress updates as the build moves through major stages.
6. Final Inspection
You or an independent inspector checks the completed property before settlement.
7. Valuation & Finance
Your lender valuations the finished property before settlement.
(Note: Valuations may vary — see our “Risks of Property Buying” page.)
8. Settlement & Handover
Once the building is complete and titles are issued, settlement occurs, and you receive the keys.
➡️ Off-the-plan buying is a great way to plan ahead with clarity — and we guide you every step of the way.
