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.
