Buying off the plan: What to expect at every stage

Buying an apartment off the plan is an exciting opportunity to secure your future home before construction is complete. Backed by Gardner Vaughan’s decades of experience in delivering high-quality developments across South East Queensland, you can embark on this journey with complete confidence. However, navigating the milestones between choosing your apartment and receiving the keys requires clear guidance.

At Gardner Vaughan, we want you to feel informed and supported throughout the process. Here’s a guide to what you can expect when buying an apartment off the plan.

1. Find your apartment

Your journey starts with meeting our sales agent to discuss the available apartments and identify the one that best suits your needs.

You’ll have the opportunity to review the apartment you’re interested in and explore the available colour scheme options.

2. Submit an expression of interest

Once you’ve selected your preferred apartment, you’ll be asked to complete an Expression of Interest (EOI) form and pay a $2,000 refundable deposit.

This allows you to formally register your interest in the apartment.

3. Review your finances

Before progressing to a contract, speak with your mortgage broker or bank to have your finances and borrowing capacity assessed.

This is an important step in understanding your affordability and preparing for the purchase.

4. Confirm your selections

You’ll discuss your preferred colour scheme and any proposed amendments with your sales agent.

Once your selections have been discussed and confirmed, these details can be formalised as part of your buying contract.

5. Review your contract

Your Contract of Sale will be prepared and provided for review.

Take the time to read through the contract and understand its terms before proceeding to signing.

6. Sign your contract

Once you’re ready to proceed, you’ll sign the Contract of Sale and pay the required 10% deposit.

This formally progresses your purchase.

7. Watch your new home take shape

With your contract signed, you can look forward to watching your new home being built. While construction progresses, there’s nothing quite like seeing the plans and vision for your future home come to life.

8. Prepare your finance for settlement

Approximately three months before the anticipated completion of your apartment, reconnect with your finance provider. This is the time to commence your loan application and finalise the arrangements needed for settlement.

9. Get ready for settlement

As the development approaches completion, the developer will call for settlement. You’ll then coordinate your settlement arrangements and confirm your move-in date.

10. Settle on your property

Settlement is the final stage of the purchase. Once settlement is complete, ownership of your new apartment transfers to you and your new home loan commences.

11. Move in and enjoy

It’s time to collect your keys, move into your new home and enjoy everything your new apartment and its surroundings have to offer.

Frequently Asked Questions

Can I make changes to the layout or finishes?

Depending on the stage of construction, buyers often have the opportunity to select from curated colour schemes or request specific customisations during the initial contract stage.

What happens if construction timelines shift?

Gardner Vaughan provides regular construction progress updates so you remain informed every step of the way, allowing ample time to plan your finance finalisation and relocation.

We’re with you every step of the way

Buying off the plan is a journey, and there can be a lot to consider along the way. Our team is here to help guide you through the process and answer any questions you may have.

Ready to take the first step toward your new home? Contact our sales team today to explore our latest developments and find your ideal off-the-plan apartment.