Latitude at Leighton - Buying Off the Plan
  • Buying an apartment off-the-plan can be a big decision. The Mirvac team is here to help guide you through the process from contract signing,  to settlement and any questions that might arise after settlement of your new apartment.

    Download the complete Buying Off the Plan Guide here.


    The Benefits of Buying Off the Plan

      1 Time

      Buying an off the plan apartment will generally involve an extended settlement period. This gives buyers the advantage of having more time to get their financial affairs in order before settlement takes place.

      Selling an existing property can be stressful but having this additional time to coordinate the sale of your home and to plan for you move can help reduce stress considerably.

      Off the plan sale contracts will generally provide that settlement will occur shortly after the Strata Plan is registered, titles have been issued and the building has been completed by the builder.  At Mirvac, the Customer Relations team will be in regular contact with you as to when you can expect settlement, so it does not come as any surprise.

      Buying off the plan gives buyers the opportunity to secure an apartment at todays’ market price with settlement at a later date.  The time period between signing a contract and settlement can potentially lead to a capital gain on your apartment by the time of settlement depending on a range of market factors.  As with any investment, relevant external factors need to be taken into consideration and advice should be sought from your licensed financial planner, accountant or lawyer.

      At Mirvac, we endeavour to keep all of our customers informed about their property’s progress. 


    • 2 Greater Choice

      Early buyers will have a greater selection of what’s available in a development, enjoying the opportunity to purchase an apartment that meets their criteria in terms of position, aspect and floor plan.

      Buying an apartment prior to construction allows the opportunity for a buyer to choose its preferred colour schemes and options. This allows you to individualise your apartment so it’s more reflective of your personality and tastes. Buying off the plan is a great way to make an apartment your home.


    • 3 After Sales Service, By Mirvac

      At Mirvac, we keep all of our customers informed about the progress of their apartment. 

      Throughout construction, Mirvac will keep you updated regularly. 

      Once your apartment is completed, the Customer Relations team will invite you to a pre-settlement inspection.  At this appointment, you will be taken through your new apartment to check that the quality, finishes and inclusions are as expected. Mirvac also offers purchasers a three month defect warranty period to ensure that any minor issues identified are rectified in a timely and professional manner. Your Customer Relations team can help guide you through the process. 


    • What to Expect

        Step 1: Signing your contract

        Once you have chosen the apartment with a Sales Agent, a sale contract will be prepared and signed by you and Mirvac.  The contract will then be forward to your Settlement Agent or you (if self-acting) and Mirvac’s Settlement Agent.  Shortly after signing the contract, the deposit will be payable.


      • Step 2: Colour Selections and Buyer Upgrade Options

        Depending on the project and the progress of construction you may be able to make colour and upgrade options in relation to your apartment. This will happen at the time of signing the contract. Your Sales Agent will assist you in completing the necessary documentation.


      • Step 3: Construction of your property & Settlement

        During the construction period you will be updated on key dates and any other relevant information with regard to the progress of your apartment.

        Prior to the completion of your new apartment, Mirvac will send you information to assist you in the lead up to settlement.  This will include details relating to your pre-settlement inspection, a moving in guide, brochures, fact sheets and other information to make your settlement as seamless as possible.


      • Step 4: After Settlement

        After settlement, Mirvac’s Customer Relations Team will assist you with any questions you may have.  Your purchase has the benefit of a three month defect warranty period which gives you, our buyer, peace of mind.


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