Why Buy Off The Plan?

Buying off the plan means purchasing a property before it’s built or while building is progressing.

You’re making your decision based on the location, the architectural plans and other materials that explain the developer’s vision. Buying an apartment off the plan can be a smart decision for a number of reasons.

Potential Capital Growth Your apartment has the potential to increase in value in the time between when you buy it and when it’s completed. So, if you buy at today’s prices, especially in high-demand areas where property values are going up, the apartment may be worth significantly more by the time it’s finished. That’s an immediate return on your investment.

Opportunities to Customise Before building starts and even during the early stages of the build, you can make changes to personalise your future apartment. At De Burgh, the latest release at Northbourne Village, JWLand has provided a choice of two colour schemes for the joinery and other finishes. And, if you purchase early, you can customise your apartment further, even varying the layout or inclusions to produce a uniquely tailored living space that reflects your style. Ask your sales agent for details.

Less Money Up Front When you buy off the plan at De Burgh, you pay a lower initial deposit compared to purchasing an existing property – just 5% of the purchase price. This is especially helpful if you are a first-time buyer or want to invest in real estate with a smaller upfront financial commitment. The extended period between paying the deposit and the final settlement means you have extra time to save and more flexibility to manage your finances.

Cutting-edge Amenities Buying a brand new apartment off the plan means you benefit from state-of-the-art design, amenities and technology. You’re investing not only in a property but also in a contemporary lifestyle. For example, at De Burgh all apartments will feature App-controlled lighting and air conditioning, so you can switch everything on and off remotely using your phone. There’s also an optional Electric Vehicle charger and Smart Lock™ system that lets you unlock your door with your phone.

Government Incentives The ACT Government offers a stamp duty concession for off-the-plan purchases. From 27 November 2023, when you buy off the plan, you pay no stamp duty on properties valued up to $800,000. That’s a significant saving. To qualify for the concession, at least one buyer needs to live in the apartment for at least one year, beginning within 12 months of the date of completion (the settlement date) of the off-the-plan agreement.

While buying an apartment off the plan comes with its advantages, as with any investment, there are risks involved. That’s why it’s essential to conduct thorough research, choose reputable developers, and carefully review the terms and conditions of the contract. JWLand and its in-house construction division have been delivering high quality residential developments in Canberra for many years, so when you buy at Northbourne Village you have the backing of company with an established track record.

To learn more about the latest release, De Burgh, please visit the project page by clicking the link below.