Understand the risk of buying property off the plan

By John Collett
Updated December 31 2016 - 6:08pm, first published November 25 2016 - 11:57am
Graham Hand and his wife, Deborah Solomon, bought an apartment off-the-plan for their daughter. Elana. They had the layout changed to suit her needs as someone who uses a wheelchair. Photo: Dominic Lorrimer
Graham Hand and his wife, Deborah Solomon, bought an apartment off-the-plan for their daughter. Elana. They had the layout changed to suit her needs as someone who uses a wheelchair. Photo: Dominic Lorrimer

It's exciting to be a property's first owner. When you're buying off the plan, you get to the select the floor plan and the colours of the walls, but along with the opportunities come increased risks.