What to Expect When Buying Off the Plan in Queensland: Step-by-Step Guide

Buying off the plan in Queensland can be exciting. You get a brand-new property, modern features, and the chance to buy at today’s price while the project is still being built. But the process is different from buying an existing home. Here’s a simple step-by-step guide, with clear stages you can follow like a timeline.

Step 1: Research the Developer and Project

Before signing anything, check the developer’s track record. Look at their past projects, build quality, and delivery times. In Queensland, buying off the plan often means waiting 18–36 months before moving in.

Tips for research:

• Visit display suites and project websites
• Read reviews or testimonials
• Compare similar projects in the area

Harbour Shores | The Waterline | Off the plan Gold Coast | Secure with $10k and $3,710 x 31 weeks

Step 2: Secure Pre-Approval from Your Lender

Banks often give conditional approval based on your financial situation. This helps you know your borrowing capacity.

Why it matters:

• Developers usually need proof of finance before accepting your contract
• You avoid surprises later when settlement time arrives

Step 3: Pay the Initial Deposit

In Queensland, the deposit is usually 10%. With Coposit, you can secure your property with just $10k and pay the rest in weekly instalments while the property is being built. This makes it easier for first-home buyers to enter the market without waiting years to save.

Flourish on Sixth Ave | Off the plan Gold Coast | Secure with $20k and $1,831 x 62 weeks

Step 4: Review the Contract of Sale

Contracts for off the plan properties are detailed. They include building plans, timelines, and your rights if there are delays.

What to check:

• Sunset clauses (the maximum time allowed to finish the project)
• Finishes and inclusions list
• Variations allowed by the developer

Always get a solicitor or conveyancer in Queensland to review your contract.

Step 5: Track Construction Progress

This is where visuals or timelines make sense. Developers often update buyers at key stages:

Typical construction milestones:

1. Site preparation and groundworks
2. Structural framework
3. Roofing and external walls
4. Internal fittings (kitchens, bathrooms, flooring)
5. Final inspection and approvals

Some projects also provide online portals or newsletters with photos and updates.

The Abbotsford | Off the plan Brisbane | Secure with $10k and $1,420 x 57 weeks

Step 6: Pre-Settlement Inspection

Before settlement, you’ll have the chance to walk through the property. This is your chance to make sure the finishes match what was promised.

Checklist items:

• Fixtures and fittings
• Tiling and flooring
• Paintwork and joinery
• Appliances and lighting

Step 7: Settlement and Handover

Once the property is finished and receives final certification, settlement occurs. Your lender pays the remaining balance, and you officially take ownership.

At this stage:

• Collect your keys
• Register your property with Queensland Titles Office
• Move in or lease it out

Villea Palm Beach | Off the plan Palm Beach | Secure with $10k and $5,625 x 16 weeks

The Coposit Advantage in Queensland

With Coposit, buyers don’t need to wait years to save a full deposit. By paying in instalments during the construction period, you can enter the Queensland property market sooner. This is especially helpful for first-home buyers and those looking at off the plan projects in Brisbane, the Gold Coast, or Sunshine Coast.

Buying Off the Plan in Queensland

Buying off the plan in Queensland is a clear journey. From researching the developer to settlement, each step gives you confidence in your investment. Free resources like visuals, timelines, and Coposit’s flexible deposit options make the process easier. Whether you’re buying your first home or an investment, understanding the step-by-step process ensures a smooth and stress-free experience.

JURA | Off the plan Noosa | Secure with $20k and $1,625 x 48 weeks