Off-the-plan (OTP) purchasing lets a buyer contract a residence before it is physically complete. Deposits are typically held in trust, with the balance payable at settlement following registration of title.
The mechanics look simple, but they reward careful advice. Contract terms, sunset clauses, finishes schedules and developer track record all influence the outcome.
Depending on the state, buyers may benefit from stamp duty concessions on OTP purchases — the specific eligibility criteria and thresholds should always be confirmed with your conveyancer.
A good adviser will help you weigh the trade-offs between OTP and established stock rather than simply advocating for one over the other. Our role is to give you enough context to decide with clarity.
This article is general information only and does not constitute financial, taxation or legal advice. Please consult a licensed adviser before making a property decision.