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Comparison rates above are based on a home loan of $150,000 for 25 years. WARNING: The comparison rates are true for the example given only and may not include all fees and charges. Different terms, fees or loan amounts might result in a different comparison rate.

Important Information:

Any information provided does not constitute an offer of credit and are examples of what may be available to you based on the information available. It does not take into account any product features or any applicable fees. Lending criteria and the basis upon which we assess what you may be able to afford may change at any time without notice. For Fixed Rate home loans, break costs may be payable which can be significant if you change the whole or part of your fixed rate loan or where additional or early repayments are made during the fixed rate period.

All applications are subject to lender assessment and approval. Cashback offers may be provided by some lenders and may only be available for particular products, terms and conditions apply.

© 2025 Ello Lc Pty Ltd ACN 662 742 645. Australian Credit Representative Number 544008. Ello is a Credit Representative of QED Credit Services PTY LTD (Australian Credit Licence number 387856).

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Guide To Your Off the Plan Purchase in NSW

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Ello
Cover image for Guide To Your Off the Plan Purchase in NSW

Welcome to the Ello Lending guide to your off the plan purchase in New South Wales (NSW)! If you're considering buying off the plan, it's essential to have a clear understanding of the process and associated risks. Our comprehensive guide aims to provide you with the necessary information about off the plan purchases in NSW, empowering you to make informed decisions and secure the best possible deal.


What is an off the plan purchase?


An off the plan purchase involves buying a property before it has been constructed. Typically, you purchase directly from a developer based on plans and specifications. This presents an opportunity to personalize the property by selecting fixtures, fittings, and even making alterations to the plans.


The benefits of an off the plan purchase


There are several advantages to buying off the plan. Firstly, you can often secure a more favorable price compared to purchasing an existing property. Developers are keen to sell off the plan, and they may offer discounts or incentives to attract buyers.

Secondly, you have the freedom to customize the property according to your preferences. This allows you to create a home that aligns with your vision without the need for extensive renovations.

Lastly, off the plan purchases may qualify for government incentives available in NSW, such as stamp duty concessions and grants, which can provide additional financial benefits.


The risks of an off the plan purchase


While off the plan purchases offer benefits, it's important to be aware of the associated risks. Firstly, there is the risk that the property may not be built to your expected specifications or may not meet building regulations, resulting in potential disappointment or complications.

Secondly, delays in the completion of the property can occur, causing extended waiting periods before you can move in and potentially incurring additional rental expenses.

Lastly, there is a risk that the property may not appreciate in value as expected, which could result in financial losses or a longer wait to realize a profit.


Getting a home loan for an off the plan purchase


Securing a home loan for an off the plan purchase can be challenging since lenders may be cautious about financing a property that hasn't been built yet. However, there are strategies to improve your chances:

Firstly, ensure you have a substantial deposit saved up. A sizable deposit demonstrates your commitment to the purchase and your financial capacity to handle the property's cost.

Secondly, maintain a good credit history. Lenders are more likely to approve your loan application if you have a reliable track record of repaying debts on time.

Lastly, familiarize yourself with the process to make well-informed decisions and negotiate favorable terms with the lender.


Ello Lending – Your Off the Plan Purchase Mortgage Broker


At Ello Lending, we specialize in off the plan purchases and can assist you in securing the best possible home loan for your needs. Our dedicated team will work closely with you to identify the right loan and ensure you receive competitive rates.

We understand the nuances of off the plan purchases and will guide you through the process, ensuring you are fully aware of the associated risks and benefits. Feel free to reach out to us with any inquiries or to learn more about off the plan purchases in NSW. We are committed to helping you achieve your dream of owning a home.

Whether you have questions or are ready to embark on your off the plan purchase journey in NSW, contact Ello Lending today. We are eager to assist you in making your dream home a reality.

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