How Buying Off the Plan Could Unlock Exciting Future Opportunities

Buying a home starts with a solid plan. Things like how much you have to spend, where you want to live, the style of your home, the number of bedrooms – the list goes on.  

At Greville Wooloowin, we’ve made the journey to buying your new home even easier. With a range of townhomes and apartments available off the plan, you can enjoy all the benefits of securing your brand-new dream home, without the stress.  

So, how does it all work? Keep reading to understand more about buying townhomes and apartments off the plan and why it might be the right move for you.  

What does it mean to buy off the plan? 

Buying off the plan means you’re buying a property that will be complete in the future to a predetermined design. 

It means your new home will be constructed to this predetermined architecturally designed plan. Cedar Woods also manages the construction of the property from start to finish, so all you need to do is focus on moving in.  

What are some of the benefits of buying off the plan? 

There are many great benefits to buying property off the plan. Here are just a few of them:  

• Less stress: The design and construction of the home you choose at Greville is already done for you, so you won’t have to go through the process yourself.   

• Price assurance: You can lock in your brand-new home at today’s prices with a 10% deposit. This could mean you could start building equity today as the value of your home could have increase by the time you move in.  

• Stamp duty savings: Buying off the plan means you may be eligible for stamp duty concessions. If you’re a first home buyer, you may be eligible for a full stamp duty concession. Visit the Queensland Revenue Office website for more information. 

How does the process work? 

Once you’ve fallen in love with the location and opportunities available at Greville, it’s time to get the ball rolling.  

1. After taking a look through the various floorplan options, you choose the one that ticks all your boxes. You will then sign a contract of sale between you and Cedar Woods, the developer of the project.  
2. The next step is securing your new home with a 10% deposit.  
3. From here, you select your preferred colour scheme and any upgrades to your future home, after which Cedar Woods will then manage the whole building process for you.  
4. Once construction is complete, it’s time to inspect your new home. This is your opportunity to check that every detail is as per your contract.  
5. Once the property is registered settlement can take place. This is the act of property ownership passing between Cedar Woods to you as a buyer. You will need a conveyancer to take care of all the legal paperwork, plus you’ll also need to make sure your finances are ready to go with your bank or broker.   
6. When settlement is complete, you’ll be given the keys to your brand-new home. Book your movers and start planning your housewarming, because it’s time to move in! 

To learn more about buying an apartment or townhome off the plan, download our off the plan guide here.  

With a range of 3 bedroom townhomes and a selection of Vera apartments now under construction, don’t miss your chance to call Greville Wooloowin home.