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Buying Off the Plan: What to Check

Essential things to review before committing to an off-the-plan property purchase.

Last reviewed: 10/1/2026

Off-the-plan property purchases offer unique opportunities, but they also come with specific risks. Here are the key things you should check and understand before committing to a purchase.

Building and Developer Reputation

Before committing, research the developer's track record. Look for:

  • Previous projects they've completed
  • Reviews and feedback from past buyers
  • Any disputes or legal issues
  • Their financial stability and company history

    • A reputable developer with a strong track record provides confidence that your project will be completed as promised.

    Contract Terms and Conditions

    The contract is your protection. Make sure you understand:

  • The completion date and any extension provisions
  • What happens if the developer can't complete the project
  • Your cooling-off period rights
  • Any variations or changes that might incur additional costs
  • Building and pest inspection rights

    • Have your lawyer review the contract before signing. This is money well spent.

    Building Specifications

    Review the specifications document carefully:

  • Quality of materials and finishes
  • Included items vs. upgrades you'll need to pay for
  • Floor plans and exact measurements
  • Parking and storage provisions
  • Common area facilities

    • Don't assume anything. Get written confirmation of what's included in the base price.

    Financial Stability

    Understand the financial structure:

  • When payments are due (milestone-based or progressive)
  • Total cost and any potential additional costs
  • Insurance during construction
  • What happens to your deposit if the project is abandoned

    • Ask about any defects liability insurance that will cover issues after completion.

    Location and Market Factors

    While the building itself is important, don't overlook:

  • The neighborhood and surrounding development
  • Access to schools, shops, and public transport
  • Future developments that might affect your property
  • Current property values and market trends in the area
  • Rental prospects if you plan to invest

    • Building Regulations and Approvals

    Verify that:

  • All necessary approvals from local council are in place
  • The project complies with local building codes
  • Accessibility requirements are met

    • Ask your lawyer to confirm all approvals are current and valid.

    Final Inspection

    Before settlement:

  • Conduct a thorough building inspection
  • Check that all contracted features are complete
  • Document any defects with photographs
  • Allow time for remedial works if necessary

    • This final inspection is your last opportunity to ensure everything meets the contract specifications.

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    • **Disclaimer:** This is general information only and not financial or legal advice. Always consult with qualified professionals including lawyers, financial advisors, and building inspectors before making property decisions.

    Disclaimer: This is general information only and not financial or legal advice. Always consult with qualified professionals before making property decisions.

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