Search results

You have much higher chance of negotiating on price when you are amongst the last to buy. If the developer sells cheap at the beginning then the whole development is affected as valuers use comparable sales to value other units in the development. So if there are say 10 units asking for $400K...

You do pay a premium for buying new. How much more I don't know - that will depend on your area, other stock, etc etc. Part of buying OTP is that you do give away some CG in the first few years to the developer's bottom line in the premium you pay. Having said that, one of our OTP...

I have up until recently been against OTP - with all the associated risks. However, we are clearly in a rising market and that is where OTP works best. If you can, as rugrat said, do your other DD and it checks out then I say go for it :) I have purchased 2 x OTP's in the last 6 months for...