My partner and I have been looking for a reasonable off-the-plan units around Sydney, but have been blown away by how expensive they are! I'm talking 45% more expensive than existing well-kept units.
Ok, as a buyer, the point of buying off-the-plan is to buy a brand new unit at today's price, may be at a higher price coz everything's brand new.
And I've heard developers say they don't take into account capital growth (within construciton period of say 1 or 2 years, as they don't play reading the crystal ball game).
Then why are those off-the-plan units ridiculously expensive? I'm talking our 2 bedroom unit's current value is equivalent to these off-the-plan's 1 bedroom unit, which hasn't even built yet! And they're in the same local council area. How could there be such big difference?
Dear Mr. Developer, please help me get my mind right. Thanks heaps.
Ok, as a buyer, the point of buying off-the-plan is to buy a brand new unit at today's price, may be at a higher price coz everything's brand new.
And I've heard developers say they don't take into account capital growth (within construciton period of say 1 or 2 years, as they don't play reading the crystal ball game).
Then why are those off-the-plan units ridiculously expensive? I'm talking our 2 bedroom unit's current value is equivalent to these off-the-plan's 1 bedroom unit, which hasn't even built yet! And they're in the same local council area. How could there be such big difference?
Dear Mr. Developer, please help me get my mind right. Thanks heaps.