In this week's episode of the First Brick Property Podcast we are joined by Power Loans' Director Fadi Fershi.

We discussed 9 reasons why you should never buy off the plan! The $500,000 Mistakes you can avoid making too!

This week's episode is our first Visually recorded Episode too!

Let's dive straight in!

4:00 – What is Off the plan property
6:30 – Reasons people buy Off the plan
8:00 – The Difference between House + Land Package and Off the Plan

11:30 – Reason 1 Why not to buy off the plan – Overpaying
13:00 – Reason 2 (THIS IS A HUGE ONE)
21:00 – This STAT will BLOW YOUR MIND. If you listen to nothing else but this, you have done yourself a great service. 
23:00 – Fadi asks for moral ground! 
25:00 – Reason 3 – Scarcity!
28:30 – Reason 4 – Land to Asset Ratio
29:00 – Reason 5 (This reason is why the first 3 reasons exist)
32:00 – Reason 6 – Owner occupier to Investor split 
33:00 – Reason 7 – CONTRACTS! 
34:00 – Sunset Clause?
36:00 – Reason 8 
38:00 – Reason 9 (This one scares us)

Power loans contact information

Facebook: https://www.facebook.com/powerloans/ 

Phone: 0405 315 443

Email: [email protected]

Website: http://www.powerloans.com.au/?fbclid=IwAR29FJUrbfN3PoipWRln6DUwzaI_9ZW9AMhDeM9FgSKmUFG8n-RoI96FdLY

Property Calculator Australia APP Download link
Android – https://play.google.com/store/apps/details?id=com.propertycalculator&hl=en
Apple – https://itunes.apple.com/au/app/property-calculator-australia/id1048864391?mt=8 

Buying property is our passion, helping you do it is our mission!

Send us your questions, topic requests or guest speaker requests to our socials or our email [email protected]

LinkedIn: linkedin.com/company/first-brick-property-buyers-agency 

Facebook: https://www.facebook.com/firstbrickproperty/ 

Instagram: https://www.instagram.com/firstbrickpropertybuyers/ 

Youtube: https://www.youtube.com/channel/UC1VA1YM1_BDZW7whNc4kFVg 

TikTok: https://lnkd.in/gsRBgXC 

Lets talk – Australia Facebook Page: www.facebook.com/groups/letstalkproperty/ 
 

*Note that all information in this episode is based on information that is constantly changing and these are unprecedented times*