Sell with Confidence
Read More

House and Land Investments

Buying Off-the-Plan

While the timeframes may differ slightly depending on individual circumstances, the basic process for purchasing off the plan is:
– 2 contracts are issued, one for land and the other for the house construction
– Both must be returned to effect ‘exchange of contracts’
– 10% deposit for the total price is paid by the purchaser

Following registration of the land, the land sale will be settled and the balance of the land amount is paid.

Once construction begins, it is normally a 16-20 week process and payments are ‘drawn-down’ from the lending financial institution to the builder in stages as each stage is complete, for example:
– When the slab is poured
– Frames and windows
– Brickwork and roof
– Kitchen and lockup

Final payment is due after Practical Completion stage and the final inspection. The house is then settled.

These builds are turnkey – which means everything is included in the fixed price:
– Site costs
– All fixtures
– Floor and window coverings
– Landscaping
– Fencing and
– Driveways

All inclusions will be listed in the building contract.
Stamp duty is only paid on the land portion of purchase.

If you were to pay stamp duty on an established home (which Revenue NSW class as ‘improved land’) worth $650,000 you would be paying stamp duty of $24,740. Stamp duty on a new off-the-plan house worth $650,000 but with land value of $350,000 only incurs $11,240 in stamp duty. You are saving over $13,000 by purchasing a new home.


Dual income Torrens Title Investment – Gillieston Grove
Gillieston Heights is a tranquil suburb of Maitland, part of the idyllic Hunter Region.

An investment with capital growth and regular income?
This NEW ‘off the plan home’ with two income sources may provide the result you require.

– 3 bedroom home plus a 2 bedroom second dwelling under one roof
– Expected weekly rental income of between $650 and $690 per week
– Complete turnkey finish. Ready to move into as soon as its completed
– A 6 year structural warranty
– $639,500


– Just 10 minutes from Maitland
– Nestled in picturesque Hunter Valley
– Close to retail outlets and public transport

Cliftleigh offers country living without being isolated from big city conveniences. The 2014 opening of the Hunter Expressway puts the Newcastle CBD less than 40 minutes away and the recently upgraded Main Road connects Cliftleigh to Cessnock, Kurri Kurri, and Maitland. The opening of the Hunter Expressway is fuelling a population boom in Cliftleigh. While it’s never likely to lose its rural charm, 1000 new homes are expected to be built in the area within the next decade. This population explosion should see this rural community receive new and improved infrastructure.

For more information, Contact Kevin on 0412 849 620 or 4990 1233 today.