FAQ
(Frequently Asked Questions)
1. What types of residential properties does Agathon Property Investments offer?
Agathon Property Investments offers three types of residential properties: apartments, townhouses, and landed houses.
2. What are the differences between each property type?
Apartments
Apartments are typically located closer to the CBD (Central Business District). They are usually well connected to public transport and located near well-known universities. Apartment developments also commonly include complete facilities, such as a gym, swimming pool, and other lifestyle or entertainment areas.
Townhouses
Townhouses generally offer larger living spaces than apartments, as they often consist of 2 to 4 levels, depending on the project. They are usually located within reasonable proximity to the CBD. When purchasing a townhouse, buyers typically obtain both the land and the building title.
Landed Houses
Landed houses are standalone homes on individual lots, typically offering 3–4 bedrooms with one or two storeys. These properties are generally located more than 20 km from the CBD. Compared with other property types, landed houses usually provide the largest land size.
3. What is the difference between Off-the-Plan, Under Construction, and Completed (Ready to Move In) properties?
Off-the-Plan Properties
Off-the-plan properties are developments that have not yet been built but already have approval to be marketed and sold to the public.
Key advantages include:
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Lower entry price, as buyers secure the launch price, which is typically the lowest offered during the development cycle.
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Greater unit selection, allowing buyers to choose from a wider range of units, layouts, and views during the early stages of the project.
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Flexible payment structure, where buyers generally only need to pay a 10% deposit, with the remaining balance payable once construction is completed.
Under Construction Properties
Under construction properties are developments that are currently being built. Buyers can still purchase these properties before completion.
Advantages of purchasing during construction include:
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Shorter waiting time compared with off-the-plan purchases.
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Buyers may still have some unit choices available, depending on the stage of the project.
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Buyers can also see the progress of the development, providing greater confidence in the project timeline and quality.
Completed (Ready to Move In) Properties
Completed properties are fully built and ready for immediate occupancy.
Key benefits include:
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Immediate move-in or rental opportunity, making them suitable for buyers who want to start living in the property or generating rental income straight away.
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Buyers can physically inspect the finished property, including the layout, quality of finishes, and surrounding environment before completing the purchase.
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The settlement process is usually quicker, as construction has already been completed.
4. What are the stages involved in purchasing and paying for property in Australia?
Once a buyer has selected a suitable property and unit, the process typically follows these steps:
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Property Reservation (Booking Fee)
The buyer pays a booking fee to reserve and secure the selected unit. -
Legal Process
A lawyer or conveyancer will handle the legal documentation and transaction process, followed by the contract signing. -
Deposit Payment
After signing the contract, the buyer pays a 10% deposit, with the booking fee deducted from this amount. -
Reservation and Payment Timeline
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The reservation process typically takes 10–14 business days.
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Buyers are usually given 7–10 additional business days to complete the deposit payment.
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Settlement Process
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If the property is completed (ready to move in), the buyer proceeds directly to final settlement payment.
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If the property is still under construction, settlement will occur once the property is completed.
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Ownership Transfer
On the day of settlement, the property title is transferred into the buyer’s name, which usually takes approximately 1–2 hours.