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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

Episode metadata supplied by the publisher feed · Published Aug 24, 2025

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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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