With so many new apartment towers spring up along the beaches of the Gold Coast and the inner city suburbs of Brisbane, our conveyancing solicitors have seen a big increase in off-the-plan contracts as buyers look to grab an apartment in these new developments.
Property Law Tips – Benefits and Risks of Purchasing Off-the-Plan:
We’ve been writing a bit recently about buying property off-the-plan and how it differs from purchasing an established property. Whilst doing research for these articles our conveyancing solicitors stumbled across this great article which answers eight common questions a buyer may have when deciding to purchase an apartment off-the-plan.
Buying Off-The-Plan – The Requirements of the Contract:
The skies above the Gold Coast and Brisbane are beginning to fill with cranes as confidence in the Queensland property market increases. With this huge increase in development comes an increase in new apartments flooding onto the market. Most of these apartments are sold before construction finishes in what is termed as an off-the-plan contract.
The Jewel in the Gold Coast’s Property Crown:
It looks as though the Gold Coast’s skyline is again set to be decorated with towering cranes as development kicks off in a big way in the lead-up to the 2018 Commonwealth games, with a slew of new high rise developments seeing approval from Southport, through Surfers Paradise and down to Broadbeach.