Developer and builder track record
Review completed projects, defect history, financial standing where available and consumer/regulator information. Marketing quality is not build quality.
Contract and sunset clauses
Use an independent solicitor or conveyancer who understands off-the-plan contracts. Check variations, inclusions, completion timing and termination rights.
Valuation risk
Your lender may value the completed property below the contract price. Understand how you would fund a settlement shortfall.
Competing supply
If hundreds of near-identical properties settle together, owners may compete for tenants and future buyers at the same time.
Defects and warranties
Know the inspection, defect-notification and rectification process. For strata property, review common-property obligations and insurance.