If you’re looking to enter the property market, buying off-the-plan might not be the first option that springs to mind. Yet, it’s a unique opportunity with plenty of advantages—especially for first-time buyers or savvy investors. Whether you’re after a new home or building your portfolio, off-the-plan apartments offer benefits you might not get with existing properties.
1. Lock in Today’s Price, Beat Tomorrow’s Market
Ever wondered how much property prices might climb in the next year or two? One of the biggest perks of buying off-the-plan is securing a property at today’s price—even though the actual apartment may take years to complete. This means if the market rises during construction, you’re already ahead.
For example, let’s say property values in the area jump by 10% before your apartment is even finished. That’s equity in your pocket before you’ve moved in. It’s a strategic way to get a head start, especially in areas poised for growth.
Of course, market conditions can vary, so it’s worth researching the location’s potential. Are new transport links coming in? What about schools, shops, or amenities? These factors can make a big difference when it comes to future value.
2. Customisation and Modern Features
How often do you move into a home and wish you could change this or that? Buying off-the-plan often gives you the chance to influence design choices before construction is complete. From selecting colour schemes to kitchen layouts, some developers let buyers personalise key elements, making the space feel more like yours.
Beyond the aesthetics, new builds, like these VA Broadbeach apartments, come with modern, high-quality finishes and energy-efficient designs. Think open-plan layouts, contemporary appliances, and the latest in sustainable technology. These features aren’t just stylish—they can save you money on energy bills and reduce maintenance headaches in the long run.
And let’s not forget warranties. With an off-the-plan apartment, you’ll often get builder and structural guarantees, so if something goes wrong after you move in, it’s likely covered.
3. Smaller Deposit, More Time to Save
Finding the funds for a property deposit can be daunting, but buying off-the-plan typically requires a smaller upfront commitment compared to purchasing an existing property. In most cases, you’ll only need to pay a deposit (often around 10%) to secure the apartment. The balance isn’t due until the building is complete, which could be a year or two away.
This gives you breathing room to save for the remaining amount without rushing. If you’ve been working on a budget or planning to sell an existing property, this extended timeframe can work in your favour. It’s a practical way to ease the financial pressure of a big purchase.
But here’s a tip: always check the developer’s requirements and ensure you have pre-approval for your loan. It’s all about planning ahead and knowing what you’ll need when settlement day rolls around.
4. Potential Tax Benefits and Grants
If you’re buying off-the-plan as an investor, tax incentives like depreciation can be a huge draw. New properties allow you to claim depreciation on both the building and its fixtures, which can significantly reduce your taxable income. Speak to a tax professional about what you might be eligible for—it could make a big difference.
For owner-occupiers, there are often grants and incentives available, especially if you’re a first-time buyer. Some governments offer stamp duty discounts or exemptions for off-the-plan purchases. It’s worth researching the schemes in your area—you might be surprised at the savings you can unlock.
5. Move-In Ready with Minimal Upkeep
Let’s face it—nobody loves the hassle of repairs and renovations. One of the underrated joys of buying off-the-plan is knowing your apartment will be brand new when it’s handed over. From freshly painted walls to unused appliances, everything is ready for you to simply unpack and settle in.
New builds are designed to meet current building codes and standards, so you’re also less likely to run into hidden issues like faulty wiring or plumbing. And because everything is new, ongoing maintenance costs should be lower for the first few years compared to older properties. That’s more time and money for you to enjoy your new home or focus on other priorities.
Is Buying Off-the-Plan Right for You?
Ultimately, deciding to buy off-the-plan comes down to your goals and circumstances. Are you prepared to wait for construction to finish? Do you have the financial plan to navigate the settlement process? If the answer’s yes, this type of purchase can be a smart way to secure a modern property at today’s prices while enjoying the benefits of customization and lower maintenance.
However, as with any major investment, due diligence is key. Research the developer’s track record, understand the terms of your contract, and get advice from a solicitor if needed. With careful planning, buying off-the-plan could be the stepping stone to your next big property milestone.
