Posted on September 25, 2017
If you are looking at purchasing your first property, either your first home or investment, it can be quite daunting with a whole new world of information being put before you. You’re up all night looking at locations all over the place, trying to stay within the budget you have set yourself. Sound familiar?
What if I told you there is a way you can tailor your property purchase to your own personal budget and specifications while saving money in the process?
Some developers provide a partial or full reimbursement of the stamp duty on settlement, which is one of the reasons property buyers consider this form of purchase. For example, in Victoria you could save up to $25,000 on a $500,000 property if purchased off-the-plan as opposed to an already established property. That’s quite a good chunk of change you can put straight back into the property and get ahead of interest.
Technology has also come a long way when it comes to display rooms and being able to see exactly what is planned before construction. This gives you the opportunity to customise floor plans to give you more living space or potentially change where windows are located, making sure you are getting a product that is exactly what you want. The amount that you are able to change will differ from developer to developer but you’ll generally have some amount of control over what materials and appliances are to be used.
So if you are currently in the market and shopping around, definitely check out your options in off-the-plan properties. You could find an opportunity that you never would have thought possible.
If you would like more information, please contact us on 1800 888 845 or make an enquiry.
This website only contains general information. It does not contain financial advice, and does not take into account your objectives, circumstances, or needs. You should obtain your own financial, taxation and legal advice before making any decision. Terms, conditions, and fees may apply, along with credit assessment criteria for loan products. Members and representatives of the ParkTrent group may receive commissions in relation to the services they provide to you, or on
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