A segment regaining attention

Off-the-plan property is returning to the conversation in Victoria, not through speculation, but through practicality. Buyers are once again considering new townhomes and apartments as they weigh cost, design and long-term value.

Policy has helped reopen interest

Current duty concessions for eligible off-the-plan buyers have made a noticeable difference. In a higher-rate environment, reducing upfront costs can be enough to bring quality new projects back into reach.

Product still matters most

That is why projects like Milli, Brighton East and Eastbury, Wheelers Hill are relevant. Both sit within parts of Melbourne where buyers are not simply looking for “new”, but for design-led homes in suburbs with proven owner-occupier appeal.

A more mature off-the-plan market

This is a more considered version of the off-the-plan market than in previous cycles. For buyers seeking quality and efficiency, and for readers tracking the next phase of new housing, DM Property is active in a part of the market worth following.