Commissioner's Blog: Buying 'off-the-plan'- a gamble worth taking?
Buying a property “off-the-plan” is like investing in a concept. There’s usually the flashy billboard and glossy brochures selling you a certain lifestyle.
The developer could be selling house and land packages, apartments or townhouses but these are often subject to approvals and securing enough funding to even start building.
Keep in mind, while attractive, these developments are particularly risky.