15 Buying an Off The Plan property

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By Amy Lunardi. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
There is no doubt if you’re a first home buyer you will have heard the phrase off the plan before. You might have read about people who bought a property off the plan and then three years later when it settled they’d instantly made hundreds of thousands of dollars in equity. Or you might have heard those stories where other people have bought off the plan and then the property doesn't look anything like what they expected, or horror stories where they’ve lost their deposits or worse. Like with any property strategy there can be winners and losers, but it’s fair to say that buying off the plan is one of the riskiest types of properties you can purchase.
In todays we run through all things you need to know about off the plan properties, the difference between off the plan and house and land packages, the pros and cons of off the plan properties - spoiler alert, there’s quite a few drawbacks you need to be aware of, including what you need to know about the finance risks for off the plans, because this can be pretty major.
Do you have a burning property question you’d like answered on the show? Connect with us on instagram @thebuyersbible, we’d love to hear from you with questions, thoughts and feedback. Don’t forget to head to our website www.thebuyersbible.com.au for our show notes, and to download your free first home buyer checklist.
Information provided in our podcast is general in nature and does not constitute financial advice. Every effort has been made to ensure the information is accurate, listeners must not rely on this information to make investment or financial decisions.
Theme music: Lioness (Instrumental) by DayFox https://soundcloud.com/dayfox Free Download / Stream: https://bit.ly/lioness-instrumental

31 episodes