Buying off the plan in NSW means signing a contract for a property that is not finished yet, often months or years before settlement. We review the disclosure statement, sunset clause and special conditions before you sign, and handle settlement when the building is finished and the plan registers.
What we check
| Item | Why it matters |
|---|---|
| Disclosure statement | Required in NSW; sets out the plans, by-laws, schedule of finishes and proposed levies |
| Sunset date | The date by which the property must be finished, and what happens if it is not |
| Deposit terms | How much, who holds it and whether it is held in trust |
| Special conditions | Developer clauses that limit your rights or allow changes |
| Changes to the plans | Your rights if the developer makes a material change |
| Occupation certificate and insurance | Needed before settlement |
Off the plan contracts in NSW come with a 10 business day cooling off period. Use it. See our off the plan guide.
Areas where we see off the plan most
Bankstown CBD, Parramatta, Liverpool CBD, Ed.Square in Edmondson Park and new estates across the north-west.
Common questions
FAQs
How long is cooling off for off the plan in NSW?
10 business days, compared with 5 for most other residential contracts.
What happens if the developer changes the plans?
The developer must notify you of material changes. Depending on the change, you may be able to end the contract or claim compensation.
When do I settle?
Usually a set number of days after you are told the plan is registered and the occupation certificate is issued. Check your contract for the exact period.
City Peak Conveyancing acts on NSW property only. This page is general information, not advice about your circumstances.