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Off the plan proves popular in Canberra

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More investors in Canberra are opting to purchase new residential units and apartments off the plan, according to Colliers International.

“Colliers International has seen significant presales of apartment developments in KingstonKingston, QLD Kingston, ACT Kingston, TAS, Barton and the City with many Canberrans reaping the benefits of buying off the plan,” Colliers International director of residential project marketing, Derek Whitcombe said.

As Canberra’s values rise and confidence in the market continues, Mr Whitcombe believes off the plan sales will continue to be popular choice for investors, first home buyers and a large number empty nesters.

“They find buying off the plan suits them ideally because it can give them up to two years to get their home into the best possible state to go to the market and enables them to utilise capital growth in the value of their home whilst waiting for the construction of their new apartment,” he said.

Off the plan proves popular in Canberra
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