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.

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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 
 

➼ 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

➼ 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/
 
➼ If you have any questions or would like to be featured on our show, contact us at: [email protected]
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!
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  Co-Founders

Veronica Morgan & Meighan Wells 

Veronica & Meighan are both licensed real estate agents who exclusively help buyers. Together they have nearly 40 years experience as property professionals.

Veronica is principal of Sydney based Good Deeds Property Buyers and is also co-host of The Elephant in the Room property podcast as well as Location Location Location Australia on Foxtel and author of Auction Ready: how to buy property at auction even though you're scared s#!tless!

Meighan is the multi award winning principal of Brisbane based Property Pursuit, chairperson of the REIQ Buyers Agent Chapter & a regular media commentator.

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