New Developments in Australia

iBuyNew is with you every step of the way when buying a new development in Australia. Whether you are a first home buyer, investor or looking for your next home we provide helpful property advice to ensure you buy the right development that is right for you.

Are you thinking about buying a brand new development in Australia? Buying a new development in Australia offers a wealth of opportunities, but it is important that you know what you are doing first and understand the property market before proceeding to buy.

There are hundreds of developments for sale in Australia so it can be tricky to know where to start. You first need to decide which state you want to buy in and then narrow it down to a suburb or your top three suburbs. When looking to buy new developments for sale in Australia you also need to think carefully about the size of the development and how many bedrooms you would like the new development to have to suit your lifestyle and demographic.

As an investor, you want to appeal to the mass market as much as possible as this will make finding rental tenants much easier. If the majority of the population are couples or singles then you should be focusing on one and two bedroom apartments within a development rather than a three bedroom apartment. This also affects you as a home buyer as it will make selling the property much easier down the track.

Once these key factors have been decided you need to work out your budget and search for new developments within your criteria. There’s no point looking at developments which are out of your budget. Every day there are a great many people searching for property and brand new developments just like you, so it is essential that you act quickly in order to secure your preferred property development first to avoid missing out, especially when the competition is high.

Developments come in all shapes and sizes and it all depends on what you prefer. For quieter living, then a boutique development might suit you better with fewer apartments across fewer levels. A boutique development also tends to be developed quicker, typically within 12 months depending on the overall size, so this might suit first home buyers better looking for a shorter construction time.

These development types also normally have lower strata costs due to having less communal amenities compared to a high rise development. This can make the cost of owning a property within a boutique development much more affordable. As the development is smaller, then you are likely to find that you have less competition to go up against when it comes to finding rental tenants.

For greater apartment options, and better views then you should consider a high-rise development, which typically are found within a built up area like the inner-city ring. Although high-rise developments typically take longer to build (18 months or more), they usually have great communal facilities attached to them including rooftop terrace, pools, spa, dining lounge and a gym, appealing to renters and buyers alike. With many more apartments within the development, the cost of strata might not be as high as you think as this is spread across many more apartments.

High-rise apartment developments are a great option for investors looking for that longer settlement, as well as first home buyers as it gives you far longer to save for a larger deposit or to build up your savings. However, bear in mind that there will be greater competition to go up against due to many more apartments housed within the development. This means you might have to be clever with your tactics when it comes to finding tenants. It’s better to reduce the rent a little bit for three months, and find a tenant immediately than to wait it out for the higher rent and risk not tenanting your apartment for weeks on end.

A great thing about a development is that they tend to have a number of different floor plans to choose between, giving you more apartment options to choose from, compared to an established property. This means if your first choice is not available, then you might still find the same floor plan on another level which is just as appealing.

If you are unsure of where to start, our iBuyNew Property Consultants will point you in the right direction and offer helpful guidance on the areas you should be buying in to find a new development in Australia that is right for you.

We work with some of the best developers in Australia and we ensure that the developers we use are reputable and have great experience developing apartment developments. We choose the development based on the location and how well the area will perform in terms of capital growth.

We have over 100 great new developments within Sydney, Melbourne and Brisbane to choose from, all situated in some fantastic locations. Our Property Consultants are able to talk you through the best developments to suit you and find a property that best meets your requirements.

Call us today on 1300 123 463 to discuss you property options further with one of our friendly Property Consultants and to hear what new developments in Australia are for sale today.

You can also make an enquiry online using our form.