Benefits of buying off the plan

Stamp duty savings (for Eligible First Home Buyers)

• Will help save thousands on stamp duty on the purchase

It’s brand new

• Zero maintenance for the immediate future
• Everything is under warranty i.e; fixtures, building fittings, appliances, tapware, lighting, air conditioning, etc.
• Your new home will be decorated to latest on-trend designs

Deposit

• Your deposit is safe guarded in a trust account until settlement
• Some developers may allow deposit to be invested and pay interest to purchaser’s deposit as an incentive
• Deposit assistance available in 2020 for First Home Buyers
• Federal Governments First Home Loan Scheme helps eligible First Home Buyers purchase a home with deposit as low as 5%
• Save $10,000 in lender’s Mortgage Insurance

Additional time to save

• Most off-the-plan purchases only require a 5-10% deposit
• Longer time frame between saving and buying gives you more time to reduce your initial mortgage

Tax Depreciation for Investors

• You can benefit from thousands of dollars in tax deductions by purchasing brand new

Potential Capital Gains

• Today’s price can potentially settle the property with equity already built into the property. Meaning you may own a property worth more than what you paid.

Efficiency

• Brand new builds must meet stringent energy efficient requirements in order to gain building approval
• Your new home will be fitted with all the latest power saving appliances, lighting, high efficiency air conditioning and installation materials.