Buying a property off the plan can be a good way to enter into an investment purchase but give yourself more time to finalise the details, which can also provide the potential for the property to appreciate in value before the purchase is finalised.
On the other hand, if you are using borrowed funds to finalise the purchase, you also run the risk of the property depreciating in value before completion, leaving you with a potential funding gap.
The key to successfully executing an off the plan purchase strategy is researching and selecting a property that provides you with solid numbers on finance, forecast rental return, growth potential and depreciation benefits.
The complex nature of an off the plan purchase means that seeking professional advice can be invaluable when it comes to selecting the right the investment and ensuring it runs smoothly.
