Lessons From Mascot Towers: Supporting Off The Plan Buyers

Recent Australian building approvals data showed building activity is set to pick up over 2020.

Toward the end of last year, unit approvals in Victoria more than doubled and New South Wales saw similar results. The ABS data shows 667,000 apartments have been constructed since 2000, and there are plans to build another 140,000 apartments across the country.

Off-the-plan apartments are popular with first home buyers because it’s easier to break into the property market. Off-the-plan developments typically mean the owner only needs to put down an initial 10 per cent deposit and pay the remainder at settlement, once construction is complete.

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