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Buying An Apartment Off The Plan in Queensland Jeff Ball

Buying An Apartment Off The Plan in Queensland

Jeff Ball

Published October 2nd 2011
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 About the Book 

Buying An Apartment Off The Plan in Queensland is for people who are considering buying an apartment in Queensland in a building that has not yet been built or that is still under construction. In Queensland, this is called buying an apartment offMoreBuying An Apartment Off The Plan in Queensland is for people who are considering buying an apartment in Queensland in a building that has not yet been built or that is still under construction. In Queensland, this is called buying an apartment off the plan.Many people buy apartments or home units in Queensland off the plan. It is common practice to do so, in Brisbane, the Gold Coast, the Sunshine Coast and Far North Queensland. In fact, most developers will not commence building an apartment complex until a significant number of apartments have been pre-sold, off the plan.If you want to buy a new apartment, whether to live in or as an investment, it is often the best way to purchase an apartment.However, there are considerable risks in purchasing off the plan.The focus of this book is to provide guidance to those who have decided to buy property in Queensland and who are considering buying an apartment off the plan.This book has practical information about the sales process, selecting the right apartment for you, the contract, and settlement.Without the guidance in this book, you may make a very expensive mistake.Chapter 1 discusses the benefits of buying off the plan.Chapter 2 looks at the process and time lines, from viewing the plans to settlement.Chapter 3 highlights some of the “sales tricks” used by off the plan sales agents.Chapter 4 lists some of the costs associated with apartment living.Chapter 5 is an important chapter, as it examines the risks of buying off the plan.Chapter 6 discusses the various factors that make an apartment a good apartment. This chapter will assist you selecting the right apartment for you.Chapter 7 looks at whether you are likely to achieve capital growth when purchasing off the plan.Chapter 8 looks at the various people and entities involved in managing an apartment building.Chapter 9 discusses the settlement process.Chapter 10 is for investors, and examines issues relating to the renting of your new apartment.Chapter 11 looks at issues for foreigners who want to buy in Queensland.The Appendix includes a buyer’s checklist and links to further resources.