10 Alarming Reasons Why Off-Plan Properties Are So High Risk

In the quest to secure their first homes, Australian first home
buyers often encounter the tempting option of purchasing off-plan
properties, especially apartments. These properties can offer
enticing incentives, but are they worth the risk?


In this episode, we explore 10 reasons why off-plan properties
are so high-risk for Australian first home buyers. We talk about
the pressing issues surrounding off-plan apartments in
Australia's real estate market. From potential delays and quality
concerns to the uncertainties of the property's final value upon
completion. This episode will serve as your guide if you're one
of those first home buyers who wish to just settle for an
off-plan property.


Tune in now to get the lowdown on off-plan homes and make the
right first step towards buying your first property.


Episode Highlights:


00:00 - Introduction


02:23 - Reason #1: You can lose money


05:30 - Reason #2: Settlement rates


07:59 - Reason #3: Are you getting what you’re paying for?


10:06 - Reason #4: Having a false sense of security


13:15 - Reason #5: How many buildings have defects?


14:47 - Reason #6: Water problems


16:14 - Reason #7: The hidden risk of fire


19:12 - Reason #8: Defective materials


21:29 - Reason #9: Your physical and psychological well being


23:30 - Reason #10: Going to court


28:45 - Bonus: When you don’t buy off-plan, you can work out the
price of a property


Resources mentioned in this episode:


FREE Mini Course: How to price a property like a professional
https://homebuyeracademy.com.au/freecourse



Resources:



FREE TRAINING: How to make an educated
decision so you buy your first home with the right amount of
debt https://homebuyeracademy.com.au/webinar

Visit our website https://www.homebuyeracademy.com.au/

Learn how to buy property without making a mistake with our
10-step online course for first time home buyers
https://homebuyeracademy.com.au/YFHBG

If you have any questions or would like to be featured on our
show, contact us at: Your First Home Buyer Guide Podcast -
support@homebuyeracademy.com.au

Looking for a Sydney Buyers Agent?
https://www.gooddeeds.com.au

Work with Veronica: https://www.veronicamorgan.com.au

Looking for a Brisbane Buyers Agent?
https://www.propertypursuit.com.au/

Work with Meighan: https://www.linkedin.com/in/meighanwells/



If you enjoyed today’s podcast, don’t forget to subscribe, rate,
and share the show! There’s more to come, so we hope to have you
along with us on this journey!


Subscribe on YouTube:
https://www.youtube.com/@YourFirstHomeBuyerGuidePodcast

Subscribe on Apple Podcasts:
https://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825

Subscribe on Spotify:
https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421f



See omnystudio.com/listener for privacy information.