Off-the-plan property purchases are becoming increasingly popular in Mackay, particularly for buyers looking to secure a property early or enter new developments before completion. While this strategy can offer benefits, it also comes with risks that buyers need to understand before signing a contract.

Here’s what Mackay buyers should consider before buying off-the-plan.

Buying off-the-plan means purchasing a property before it’s built or completed, often based on plans, renders, and display designs. Settlement typically occurs months or even years later, once construction is finished.

Lower Initial Costs
Many off-the-plan contracts require a smaller deposit upfront, which can help buyers enter the market sooner.

Potential Price Growth
If property values rise during construction, buyers may benefit from capital growth before settlement.

Brand-New Property
New builds often come with modern layouts, lower maintenance, and warranties on construction.

Valuation Risk
When the property is completed, the bank valuation may come in lower than the contract price. This could mean you need to contribute more funds at settlement.

Changes in Lending Rules
Loan policies, interest rates, and your personal financial situation may change between signing the contract and settlement.

Construction Delays
Delays are not uncommon and can impact timelines, cash flow, and planning.

One of the biggest mistakes buyers make is assuming finance will “sort itself out later.” With off-the-plan purchases, early planning is essential.

Reviewing borrowing capacity, deposit strategy, and future affordability well before settlement can help avoid last-minute stress.

At Gardian Finance, we work with Mackay buyers throughout the entire off-the-plan journey — not just at settlement. We help you plan ahead, manage risks, and ensure your finance is structured to support you when the property is completed.

📱 (07) 4953 2799
💻 www.gardian.com.au
📍 73 Wood St, Mackay