Buying off the plan means committing to a property before the relevant building or subdivision is complete. You are assessing documents and a proposed outcome rather than relying only on an inspection of a finished home.
Compare the price carefully
An off-the-plan home is not automatically cheaper than an established property. Compare the proposed size, location, specification and total cost with alternatives. Allow for the possibility that market values or your finances change before settlement.
Read the proposed specifications
Review the plan, finishes and disclosure documents with your solicitor or conveyancer. Ask what can change, how variations are dealt with and whether any requested upgrade is actually included in the contract. Do not assume you can redesign the property at will.
Understand timing and finance risk
Construction can be delayed and the finished property may differ from your expectations. Ask your adviser to explain completion conditions, sunset clauses and available remedies. Check how long any finance approval lasts and what further assessment may be needed closer to settlement.
Make an informed comparison
Visit completed projects where practical and ask clear questions about the developer and proposed building. An agent can help obtain information, but cannot guarantee construction timing, finance approval or the removal of development risk.
Sources and current guidance
Guidance reviewed 3 October 2026. Check the linked official information for your circumstances.
