Off the Plan Conveyancing

Off the Plan Conveyancing

Buying an off the plan conveyancing melbourne apartment or house is a big commitment and comes with some uncertainty. Unlike purchasing an already constructed property, off the plan purchases usually involve paying only a small deposit upon signing a contract and the balance on settlement (when construction is completed). Most states provide extra protections for purchasers of off the plan apartments. This includes a larger cooling off period, the right to rescind the contract and get your deposit back if there are insufficient sales or if the project is not progressing as expected, and increased disclosure requirements.

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Depending on the development, there may also be special conditions on your contract. These can include everything from the time it takes to complete the construction to what is included in your new home. We can assist you in interpreting these conditions to make sure that your rights are protected.

New properties also generally require less maintenance and have better energy efficiency than older properties, reducing your future ongoing costs. Lastly, they can offer tax benefits and depreciation allowances that can save you money.

We can help you with all aspects of your off the plan purchase including examining the contract of sale, maximising stamp duty savings, navigating the settlement process and dealing with any property defects. Our experienced team of Melbourne property lawyers is here to support you every step of the way. Contact us to arrange a consultation.

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