Buying apartments off-the-plan involves construction risks and uncertainty about the quality of the finished product. Unhappy purchasers have limited recourse to protect their interests. Having signed a binding contract, the purchaser is obliged to complete the transaction even if the underlying property market changes dramatically during the construction period and the promised finance does not eventuate. To read the complete article by Daryl Dixon, Money Columnist from The Age, please click here.
Tags: off the plan