In the world of real estate, knowledge isn't just power—it’s protection. When buying off-the-plan, the contract is significantly more detailed than a standard sale. As a top-tier agent, we always tell our clients: "The best time to solve a problem is before it exists."
Before you put pen to paper, you need to look beyond the glossy brochure and ask these five critical questions to ensure your investment is secure.
1. What is the "Sunset Period" and How Does it Protect Me?
The "Sunset Clause" is a date in the contract by which the developer must complete the project. If they miss this deadline, the contract can often be rescinded. You need to know: Is the date realistic? and Are there protections to prevent the developer from intentionally delaying just to cancel and resell at a higher price? Modern laws have improved buyer protection here, but you must understand your specific terms.
2. What Are the "Inclusions" vs. "Display" Items?
When you walk through a display suite, it’s designed to wow you. However, the high-end wallpaper, designer furniture, and integrated sound system might not be included in the base price. Ask for a Schedule of Finishes. This document lists exactly what brand of oven, what type of flooring, and what stone benchtops you are actually paying for.
3. Can the Developer Make Changes to the Plan?
It is common for contracts to allow a developer to make minor changes to the size or layout (usually up to 5%) if required by the council or for structural reasons. You should ask: At what point do I have the right to pull out if the changes are too significant? You want to ensure the three-bedroom apartment you bought doesn't turn into a two-bedroom plus study without your consent.
4. What is the Developer’s and Builder’s Track Record?
A building is only as good as the team behind it. Ask: What other projects have they completed? Can I visit them? In 2026, building quality is the ultimate luxury. Researching the builder’s history with structural integrity and their reputation for honoring warranties is the best way to ensure peace of mind.
5. What Are the Expected Strata/Body Corporate Levies?
You need to know the ongoing costs of owning the property. While these are estimates until the building is finished, ask for a draft budget. If the building has "resort-style" amenities like a heated pool, three elevators, and a 24-hour concierge, your quarterly levies will be higher. Make sure these costs fit into your long-term financial plan.
Important Disclaimer The information provided in this article is for general educational and illustrative purposes only and does not constitute professional financial, investment, or legal advice. Cubecorp Projects recommends seeking independent advice from a qualified financial planner, accountant, or solicitor before making any property investment decisions. Please note that all figures, percentages, and contract terms mentioned are hypothetical examples; they are "made-up" for demonstration purposes and do not reflect specific project contracts or guaranteed outcomes.
