Buying off-the-plan?
Talk to us first.
Off-the-plan contracts are written by the developer's lawyers and favour the developer. We review your contract, explain the sunset clause, deposit and variation terms, then manage everything through the build to settlement.
What's included
Your contract checked before you sign, then managed to settlement.
Off-the-plan contracts are drafted by the developer's lawyers and can run for years before settlement. We explain the risks upfront, then stay with you through the build to handover.
Before you sign
Advice firstWe review the contract and disclosure statement and explain the risks before you commit.
- Contract and disclosure statement reviewed in full
- Sunset clause, variation and deposit terms explained
- Stamp duty and first home buyer eligibility checked
- Scope and price confirmed upfront
Through to settlement
Fully managedWe manage exchange, keep track of the build and handle settlement so you don't have to.
- Exchange, deposit and cooling-off period managed
- Developer notices and plan changes reviewed during the build
- Finance and settlement timing coordinated with your lender
- Settled through PEXA once the plan is registered
Buying an existing home instead? Start with a fixed-fee contract review for $99.
See contract review optionsHow it works
Five steps from contract to keys
Off-the-plan purchases take longer than most. We keep you updated at every stage, so you always know what's next.
- 1
Contract review
We review the contract and disclosure statement and explain the risks before you sign.
- 2
Exchange and deposit
We manage exchange, explain your cooling-off period and confirm your deposit is held in trust.
- 3
During the build
We review notices from the developer, including any changes to the plans, and keep you informed.
- 4
Pre-settlement
As completion nears, we help you prepare for your inspection and make sure finance and duty are ready.
- 5
Settlement
Once the building is complete and the plan is registered, we settle through PEXA and you get the keys.
Common questions
Off-the-plan questions, answered
What is a sunset clause?
It sets the date the property must be completed by. If it isn't finished by then, the contract can be ended. In NSW, a developer can only use the sunset clause to end a residential off-the-plan contract with your written consent or a Supreme Court order. We explain yours before you sign.
Can the developer change what I'm buying?
Most contracts allow some changes to the plans, finishes and lot size. The developer must notify you of any material change, and depending on the change you may be able to end the contract or claim compensation within a set time. Send any notice to us as soon as it arrives.
What happens to my deposit during the build?
Your deposit is capped at 10% of the price and must be held in trust until settlement. If the contract allows, you may be able to use a deposit bond or bank guarantee instead of cash. We confirm how yours is held before you sign.
Is there a cooling-off period?
Yes. For residential off-the-plan contracts in NSW, the cooling-off period is 10 business days from exchange. If you pull out during that time you generally forfeit 0.25% of the price. After it ends, exiting is much harder, so it pays to have the contract reviewed first.
How long does off-the-plan conveyancing take?
Settlement usually happens once the building is finished and the plan is registered, often one to three years after exchange. Our quote covers the whole period, not just exchange and settlement.
What happens to my finance during a long build?
Loan approvals usually expire after a few months, so you will likely need to confirm or reapply for finance closer to settlement. We keep you updated on timing so your lender is ready when settlement is called.
Can I get first home buyer benefits on an off-the-plan purchase?
NSW first home buyers purchasing off-the-plan may be eligible for a stamp duty exemption or concession, and the First Home Owner Grant for new homes, subject to price caps and eligibility rules. We check this as part of your matter.
When should I contact a conveyancer?
Before you sign. Once you exchange and the cooling-off period ends, the terms are locked in. A review up front is the best protection you have.
What we check
The clauses that matter most in your contract.
Every development is different. These are the terms we look at closely before you commit.
Sunset clause
When the property must be completed by, and what happens if the developer runs late.
Deposit
How much is payable, how it is held in trust, and whether a deposit bond or bank guarantee can be used.
Variations and changes
How far the developer can change the plans, finishes or lot size, and your rights if they do.
Disclosure statement
The plans, schedule of finishes, by-laws and levies you are relying on when you buy.
Finance timing
Loan approvals rarely last as long as a build. We flag the timing so your finance is ready at settlement.
Stamp duty and concessions
When duty is payable on your purchase and whether you qualify for first home buyer relief.
Found a development you like?
Send us the contract before you sign and we'll quote upfront. Free and no obligation.