Should you buy off plan?
Purchasing off the plan maybe the right decision for some people more than others. Certainly, the stamp duty incentives for investors were a big selling point, until they stopped in 2017, but the opportunity to claim depreciation of assets may still be incentive enough.
For those who are wanting to purchase land to build or take advantage of the first home buyer grant, purchasing off the plan may be the only option.
Purchasing a property which is close to completion but not finished may be the best way to take advantage of the benefits of purchasing off-the-plan, while minimizing any potential risks.