Buying off-the-plan can be the right move. It can mean stamp-duty savings, time to arrange finances, and a brand-new home built to current standards. But you are buying from drawings and a display suite, not the finished room.
Two clauses deserve real attention. The sunset clause sets a date by which the project must be finished — and, if it is not, who can walk away. The finishes schedule lists exactly what you are promised, down to the fittings.
We read these with our clients, line by line, alongside the developer’s track record. A beautiful render is easy; a contract that protects you is the part worth slowing down for.
A Rivera note. The Victorian off-the-plan duty concession referenced applies to contracts before 21 April 2027 — confirm current rules before relying on them. sro.vic.gov.au
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