The Benefits of Buying Off the Plan at Bankside West End

Bankside Sales Office and Display - 399 Montague Road, West End Qld

The benefits of buying a property off the plan has drawn in many future homeowners. This purchasing path allows you to lock in current market prices, choose an interior colour scheme of your choice and give you time to get your affairs in order before moving into your new home. Here we will show you how to navigate the process, highlighting the benefits and provide a roadmap to make this decision confidently.

 Why Consider Buying Off the Plan?

Purchasing off the plan can be a strategic move that secures your investment and provides ample time to save and improve your financial standing before a loan is finalised. The flexibility of needing only a 10% deposit upfront further eases the financial burden, making the dream of homeownership more accessible.

 Understanding the Process:

 1. Research and Decision-Making

Embarking on the off-the-plan purchase journey begins with thorough research. Understanding property market trends and focusing on desired areas and the types of properties that interest you are crucial first steps. It's equally important to consider the reputation of the developer and builder. With Stockwell's longstanding experience and residential track record, you can be assured of a developer with a strong history of expertise and delivery. 

 2. Visit the Sales Office

The next step is to visit the sales office, allowing you to have any questions answered and dive a little deeper into the details like floorplans, pricing, and schedule of finishes. Virtual tours are a great immersive experience, allowing you to walk through your future home, experience the finishes and fittings firsthand, and select your ideal apartment layout. This step is pivotal in transforming your dream into a tangible vision.

 3. Expression of Interest (EOI)

Once you've selected your apartment, the next step is to sign an Expression of Interest (EOI) typically around $1,000, for Stockwell projects. This deposit secures your chosen apartment. Should you not proceed, the $1000 is refundable.

 4. Contract Signing and Deposit

With your decision made, contracts are drawn up, and a 10% deposit is due (less the $1000 initial deposit). This step marks your commitment to securing your new home, a moment worth celebrating.

 6. Following Construction Progress

Stockwell keeps buyers informed and engaged as their future home takes shape through regular updates. This ongoing communication ensures that you are part of the journey every step of the way.

 7. Pre-Settlement Preparations

As settlement approaches, we will notify you to finalise inspections and finance. The final settlement, involving the payment of the remainder of the purchase price, occurs once the property is completed. Your solicitor or conveyancer will coordinate this process with your lender, marking the final step before you can call Bankside your home.

Explore Bankside West End

We invite you to take the first step towards making Bankside West End your future home. Visit the sales office to experience the virtual walkthroughs, or contact our team for more information. With clear instructions and support at every step, beginning your off-the-plan purchase journey has never been easier.