Subdivision, Developments + Off the Plan
Are you purchasing off the plan?
When purchasing off the plan, you are buying land, a unit or townhouse that does not have its own title on the date of entering the contract for sale.
There are some great advantages to buying off the plan. Not having to pay the full purchase price until your unit is built, which may take a couple of years, is a great way to get into the property market. Your property may have made some capital growth by then and you will be saving money while property prices increase around you. Another benefit may be choosing your own fittings and colour schemes.
Aside from the benefits, there can be some things to be wary of. Any off the plan contract being entered into by buyers must be carefully considered and thoroughly checked as there are many pitfalls for the inexperienced. Oversights may be costly and time consuming to rectify. Waiting for plans of subdivision to be registered can be frustrating.
Let CMM Quay Legal Group take the worry out of the equation. With a wealth of conveyancing experience and countless off the plan purchases handled successfully, contact us for a stress-free experience.
Are you a developer?
At CMM Quay Legal Group, we understand the development process and have acted for numerous off the plan developments across NSW. Our commercial and property teams have the experience and knowledge to assist developers in achieving their ultimate visions.
Acting on large and complex developments for developers and corporations, we will deliver the best commercial outcomes from the planning stage through to the sale.
We provide reliable, expert advice on all aspects of property development, including:
- Residential and mixed use (commercial and residential)
- Detailed easements and restrictions
- Strata/stratum development
- Rezoning applications
- Identifying taxation issues such as GST, land tax and stamp duty
- Voluntary planning agreements with councils