Off the plan apartment purchases are becoming more popular in Australia and elsewhere. If you fancy purchasing property in the Gold Coast area of Queensland, then off-the-plan apartments will be a very sound investment. But you want to make sure you make the right decision before investing your money in Gold Coast off-the-plan apartments. This is where Pezet Matheson can help.

Buying Off The Plan Explained
If you wish to buy off the plan in the Gold Coast or any other area in Australia, then you’ll have to enter into a contract with a developer before the property is completed, or in several cases, even prior to the commencement of construction. This can usually be achieved in a couple of ways:

Purchasing an Apartment
In the case of apartments, you’ll have to pay an upfront deposit, usually about 10 per cent of the purchase price, and pay the remainder when construction starts.
There may be a slightly higher level of volatility in the value of apartments relative to standalone houses. This implies a greater likelihood that the value of your apartment may change within the time it takes for its construction to be completed, due to the population growth of the South East Queensland region.

Buying a Home
The process involved in purchasing off the plan is basically the same for an apartment and a standalone home. In both cases, you will need to pay an upfront deposit and the remainder when the project is completed. Increased protections are usually provided to those buying off the plan for both apartments and standalone houses.
However, this depends on the state; for instance, off-the-plan buyers in NSW enjoy a 10-business day cooling off period, while those purchasing already built homes are usually provided with just 5 days. Also, purchasers in Victoria are not required to pay a deposit exceeding 10 percent of the purchase price. If the subdivision for the property is not registered by a time stipulated in the contract or a default time of 18 months, the buyer is allowed to end the contract and get his or her deposit back.

Why Should You Buy Off the Plan?
Buying off the plan has a number of benefits. Depending on the trend in the property market, sometimes buying off the plan may turn out to be more affordable if the property’s value increases during the construction period. But this may be difficult to predict if you are inexperienced, which is why partnering with Pezet Matheson can be very helpful. Below are some reasons why you should consider buying off the plan.

Stamp Duty Deferment
Off the plan buyers in several Australian states are allowed to defer their stamp duty for 12 months after signing the agreement or until the completion of the property, whichever occurs first. Buyers in some states (e.g., Victoria) may be subject to an off the plan duty concession.

More Time to Organise a Mortgage
As earlier noted, an off the plan buyer will have to pay a deposit to secure the agreement. However, depending on the proposed completion time, there may be enough time for you to arrange a mortgage with a lender (usually more time than when buying an already constructed property). This time flexibility can be useful if you are expecting more finance in the months ahead.

Possibility of More Input From the Purchaser
Since the property is still undergoing construction, there is an increased possibility of you contributing to the building process, for instance, by choosing the kind of building materials and interior decorations you like. However, your ability to contribute and the extent of such contributions will depend on the developer.

Why Invest in Off the Plan Apartments in Gold Coast?
The Gold Coast is a coastal city and region in the state of Queensland, Australia, approximately 66 kilometres south-southeast of the centre of the state capital, Brisbane. It is Australia’s holiday capital, home to a fantastic range of attractions, including beautiful beaches, shopping centres, aesthetically pleasing and laid-back neighbourhoods, a thriving culinary industry, famous theme parks, and a subtropical hinterland where you can enjoy rainforest walks, waterfalls, and more!

The city’s population of over 635,000 people makes it the sixth-largest city in Australia, the country’s biggest non-capital city, and the second-largest city in Queensland after Brisbane. The Gold Coast’s major attraction is its beaches. The city consists of 70 kilometres of coastline, with some of the most popular surf breaks in Australia and the world, including South Stradbroke Island, The Spit, Main Beach, Surfers Paradise (which boasts a world-renowned stretch of sand), Broadbeach; Nobby’s Beach, Miami; Mermaid Beach; Burleigh Beach; North Burleigh Beach; Heads; Tallebudgera Beach; Palm Beach; South Palm Beach, Currumbin Beach, Kirra Beach; Coolangatta; Rainbow Bay; Snapper Rocks; Rainbow Bay; Froggies Beach; and Chevron Island.

These are just a few reasons for purchasing an off the plan apartment in Gold Coast. Here are others:
● The Gold Coast’s vibrant economy
● A growing population boosts apartment sales
● Strong rental yields

Gold Coast’s Best: Off the Plan Apartments for Sale
Gold Coast’s property landscape is undergoing an exciting transformation thanks to Pezet Matheson’s new developments. These building projects are designed to offer wonderful lifestyle experiences and are great examples of innovative design and luxury amenities. Let’s take a closer look at the Gold Coast’s best off the plan apartments for sale.

Esprit
Situated in the heart of Rainbow Bay, Esprit offers 2 and 3-bedroom luxury residences that are not just homes but also a way of life. Esprit creates a seamless connection between indoor and outdoor living spaces. Its unrivalled well-being facilities, including a private gym and pool, elevate the lifestyle offering, making Esprit a jewel in Rainbow Bay’s property market.

Lagoon Main Beach
Lagoon Main Beach is more than just a residential concept – it’s a lifestyle destination. Boasting a combination of 1-, 2-, 3-, and 4-bedroom spacious apartments, luxurious dual-level Skyhomes, and premium residences from the Signature Collection, this project is strong evidence of the sun-soaked charm of Main Beach.

Greenwich Chevron Island
Greenwich Chevron Island is introducing a new chapter from Pezet Matheson with its 2-, 3-, and 5-bedroom residences. Like all the other developments, this one is not just the epitome of residential comfort, but also a lifestyle experience that promises to redefine urban living. With an emphasis on spaciousness and modernity, these residences have all it takes to cater to a range of lifestyle needs, from the single professional to the growing family.

Seaclusion Palm Beach
Seaclusion Palm Beach is made up of 40 apartments across nine floors, each built with an elegant, natural design. The 1-, 2-, and 3-bedroom residences are constructed with floor-to-ceiling glass windows and spacious balconies that offer expansive ocean views. With a host of resident amenities, these beachside homes are poised to become an idyllic sanctuary on the Palm Beach coastline.

Rhythm Kirra Hill
Perfectly located between the idyllic Kirra Beach and the vibrant Coolangatta, Rhythm Kirra Hill has a collection of 40 coastal-style apartments. Beyond the homes themselves, Rhythm Kirra Hill is equipped with several tailored amenities, such as a wellness centre, rooftop pool, BBQ area, and more.

Changing the Gold Coast Skyline: The Future of Luxurious and Sustainable Living as Defined by Pezet Matheson
Incorporating innovative design with top-tier amenities Pezet Matheson’s new developments on the Gold Coast extend beyond exquisite living abodes to also provide a pleasant overall lifestyle experience. In a nutshell, these projects showcase the future of Gold Coast real estate, combining architectural excellence with the vibrancy of living on the coast.
For more details on these exciting new constructions, visit Pezet Matheson today to explore a world of architectural elegance and coastal luxury!