Start with your intended use, total budget and move-in timing, then compare individual homes. Both new-build and resale property require checks; age and decoration alone are not enough.
New-build: Check handover and the contract.
Compare completed new homes separately from projects awaiting delivery. Inspect what is available to see, and verify handover timing, finishing standards, promised amenities and payment milestones.
- Does the show home match the actual handover specification?
- What does the contract say about delays?
- Who will explain building fees, facility access and other costs?
Resale: Check current condition and future work.
Visit to assess light, noise, common areas and equipment. Ask about existing tenancies, handover arrangements, unpaid building fees and repair records, with professional verification of relevant documents.
- Is the property occupied or rented out?
- What work might renovation, repairs and equipment replacement involve?
- Do the title documents match the actual property?
Use the same checklist.
Compare location, area measurements, total acquisition cost, move-in timing, building fees, condition and outstanding questions. Prices from different areas, area definitions or handover standards are not automatically comparable.
Look beyond the front door.
Walk the commuting and shopping routes, and explore by day and in the evening. For an owner-occupier, this will be everyday life. For a rental, also verify actual tenant demand.
The right choice depends on the specific home and verified information.
This article provides general preparation information. It is not individual legal, tax or investment advice. Matters involving a specific transaction should be checked by appropriate professionals.