How Changes in ‘Off The Plan’ Concession Affected Real Estate in Victoria and a Solution to it
Investing in real estate or buying a residential property is a great way of expanding one’s wealth and assets. With so many different ways of growing one’s wealth by investing in real estate in Victoria , it is essential to make an informed and smart decision so as to maximize the return in this profitable sector. However, if one is a novice to this market and is unaware of its dynamics and intricacies, it is crucial, to begin with, the off the planned law established by the Victorian Law on July 2017 which had a huge impact on the real estate scene in Victoria. Here is detailed information on off the plan property and concession and how to avoid its common pitfalls. What is off-the-plan property and concession? The term ‘off-plan’ property refers to any land or property which is available for purchase even before its construction has commenced. This is where buying ‘off-the-plan’ comes from, and it typically refers to the purchase of apartments. Off-plan property is favourable f