In with the new: How to benefit from buying off the plan

There are little-known advantages when purchasing your dream home off the plan that can help you make the most of a new property purchase, save money, and set yourself up for the years ahead.

With research from RealEstate.com.au (REA) showing nearly one in three Australian homebuyers are building or purchasing off the plan, it’s clear purchasing preferences have shifted in recent years. And it’s easy to see why when you consider the benefits.

Take Cedar Woods Properties’ latest masterplanned community, Greville at Wooloowin, as an example, which is fast becoming a tight-knit community.

If you’re considering becoming a part of this boutique architecturally designed community, here’s our top five reasons why buying off the plan can benefit you.

Reap the rewards of market trends

Buying off the plan provides an opportunity to benefit from a market uplift and changes to property values over time. It allows you to lock in your property purchase at today’s prices and enjoy market growth while the project is being built.

Purchasers in Greville’s early stages have already seen growth in their investments, with Wooloowin’s median house price increasing by 19% from $1,252,000 to $1,490,000 in the last 12 months, according to REA. Continued growth is forecast in the years ahead, particularly in Wooloowin, which enjoys convenient access to the Brisbane CBD and beyond.

Confidence comes with an ASX-listed company

Purchasing from an ASX-listed company means you can have confidence in the project and developer. Listed companies like Cedar Woods Properties are extensively and independently audited and financially transparent, making it easy to access information on their performance. Choosing an ASX-listed developer that you trust can set you up for success.

Cedar Woods has more than three decades of experience navigating market cycles and is actively delivering multiple masterplanned communities across Australia – a track record that brings you peace of mind, backed by a strong balance sheet demonstrating its ability to effectively manage finances. With proven experience bringing visionary communities to life, a diversified project portfolio and an in-depth understanding of local property markets, geography and product types, you can rest easily knowing Cedar Woods is working tirelessly to bring your dream home and community to life.

Save and plan for your dream home

Depending on when you purchase, you’ll have extra time to save money, pool your funds and plan for those must-have furnishings and special touches to make your home truly unique.

With a minimum deposit of 10% available for off the plan purchasers at Greville, you can get your finances in order before moving in. This allows you the space and time to plan, and even purchase your dream finishes without the burden of months-long waiting periods for stock.

Tailor your home to your life and style.

A benefit of securing an early off the plan purchases come with the opportunity to customise some aspects of your home to suit your lifestyle. In addition, your home will be brand new – no renovations required.

Early purchasers at Greville can choose a colour scheme, as well as explore a curated collection of upgrades. Greville’s residences are designed by renowned architect firm Rothelowman, and each home captures the heritage charm of Wooloowin through the restoration of historic buildings. These townhome, apartment and heritage residences are nestled in the lush greenery of established trees at Greville Park and new landscaping throughout the precinct, making this community the perfect blank canvas for you to make your own.

Take full advantage of all aspects of a masterplan

With amenities, pools, communal spaces and parks, masterplanned community living is an ideal lifestyle for a range of demographics. With established retail, education and lifestyle amenities in a prime location, a well-connected masterplan extends your lifestyle beyond your community.

Greville’s first residents already have access to the completed recreation area with a pool, BBQs, alfresco dining, and the public Greville Park with 4,000sqm of green space. The community also benefits from a suite of established amenities across Wooloowin with high-quality restaurants, shopping, health precincts, parks and schools all on your doorstep. On top of this, the seamless connection to the Brisbane CBD and beyond via public transport, bikeways and connected roadways means the possibilities are endless.

Upon completion, Greville will become a thriving community of approximately 300 residences. With the benefits of resident exclusive amenities and convenient CBD accessibility within the established heritage suburb of Wooloowin, this enviable masterplan suits a range of lifestyles, from first home buyers to downsizers. Your new life at Greville is waiting, and buying off the plan is a great way to make the most of financial, lifestyle and social benefits that come with living in a masterplanned community.

To learn more about purchasing off the plan at Greville Wooloowin, contact our team on greville@cedarwoods.com.au