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EP. 1500 - DEVELOPERS GETTING THEIR HANDS ON YOUR DEPOSIT WHEN BUYING OFF THE PLAN? TRUE OR FALSE? episode artwork

EPISODE · Aug 24, 2025 · 11 MIN

EP. 1500 - DEVELOPERS GETTING THEIR HANDS ON YOUR DEPOSIT WHEN BUYING OFF THE PLAN? TRUE OR FALSE?

from The PROPERTY DOCTORS, Sydney Australia Novak Properties · host Mark Novak, Billy Drury

💰 Buying off the plan? Ever wondered if the developer gets to touch your hard-earned deposit?The truth: No. Your 10% sits safely in a trust account (agent’s or solicitor’s) until settlement. ✅Here’s what else you need to know:✔️ If the project never gets delivered → you get your deposit back.✔️ Deposit counts toward your final purchase price.✔️ In some cases, the interest earned is shared.✔️ On the Northern Beaches, off-the-plan buyers have never lost money when holding long-term.👉 Don’t let myths hold you back. Off-the-plan can be a smart move in low-supply areas.#PropertyTips #NorthernBeachesLiving #RealEstateAdvice #OffThePlan #FirstHomeBuyer

What this episode covers

💰 Buying off the plan? Ever wondered if the developer gets to touch your hard-earned deposit? The truth: No. Your 10% sits safely in a trust account (agent’s or solicitor’s) until settlement. ✅ Here’s what else you need to know: ✔️ If the project never gets delivered → you get your deposit back. ✔️ Deposit counts toward your final purchase price. ✔️ In some cases, the interest earned is shared. ✔️ On the Northern Beaches, off-the-plan buyers have never lost money when holding long-term. 👉 Don...

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EP. 1500 - DEVELOPERS GETTING THEIR HANDS ON YOUR DEPOSIT WHEN BUYING OFF THE PLAN? TRUE OR FALSE?

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Frequently Asked Questions

How long is this episode of The PROPERTY DOCTORS, Sydney Australia Novak Properties?

This episode is 11 minutes long.

When was this The PROPERTY DOCTORS, Sydney Australia Novak Properties episode published?

This episode was published on August 24, 2025.

What is this episode about?

💰 Buying off the plan? Ever wondered if the developer gets to touch your hard-earned deposit?The truth: No. Your 10% sits safely in a trust account (agent’s or solicitor’s) until settlement. ✅Here’s what else you need to know:✔️ If the project...

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