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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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Your Free Guide To Planning A NSW Off the Plan Purchase

26th April, 2023
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Ello
Cover image for Your Free Guide To Planning A NSW Off the Plan Purchase

Welcome to Ello Lending’s free guide to planning a NSW off the plan purchase. We
understand that buying a property is a big decision and can be a daunting
process. That’s why we’ve put together this guide to help you understand the
process and make the right decisions for you.

What is an Off the Plan Purchase?

An off the plan purchase is when you buy a property before it is built. This
means that you are buying the property based on plans and specifications
provided by the developer. It is important to understand that the finished
product may differ from the plans and specifications.

Benefits of an Off the Plan Purchase

There are a number of benefits to buying off the plan. Firstly, you can often
purchase the property at a discounted price. This is because the developer is
looking to sell the property before it is built. Secondly, you can often secure
a property in a desirable location before it is built. This means that you can
secure a property in a desirable location before it is sold out. Finally, you
can often secure a property with a long settlement period. This means that you
can secure a property and have time to save for the deposit and organise
finance.

Risks of an Off the Plan Purchase

It is important to understand that there are risks associated with an off the
plan purchase. Firstly, the finished product may differ from the plans and
specifications. This means that the property may not be what you expected.
Secondly, the property may not increase in value as expected. This is because
the property market can be unpredictable. Finally, the property may not be
completed on time. This means that you may have to wait longer than expected for
the property to be completed.

How to Plan an Off the Plan Purchase

When planning an off the plan purchase, there are a few key steps that you
should take. Firstly, you should research the property market. This means that
you should research the area and the type of property that you are interested
in. Secondly, you should research the developer. This means that you should
research the developer’s track record and any reviews of their previous
projects. Thirdly, you should research the finance options available to you.
This means that you should research the different home loan products available
and the lenders that offer them. Finally, you should research the legal
requirements. This means that you should research the legal requirements for
purchasing a property in NSW.

Conclusion

We hope that this guide has been helpful in understanding the process of
planning an off the plan purchase in NSW. At Ello Lending, we understand that
buying a property is a big decision and can be a daunting process. That’s why
we’re here to help. Our team of experienced mortgage brokers are here to answer
any questions you have and help you to get a home loan. Contact us today to find
out more.

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