Off the plan

HomeBuilder grant

An off-the-plan purchase is a single contract to buy a new home and the interest in the land, which is a proposed lot on an unregistered plan resulting from a subdivision. In some cases, the property may not have been built yet. For example, the purchase of a unit in a unit block, where the unit’s individual lot and plan description will not be available until the strata title has been registered.

You do not have an off-the-plan contract to purchase if you have both a vacant land contract and a building contract.