Buying an apartment off-the-plan in Rhodes has become an attractive option for many Sydney buyers. One of the first questions most people ask is: “What is the deposit for off-the-plan in Rhodes?”

Here’s everything you need to know about how deposits work, what to expect, and how to prepare.

Standard Deposit Requirements

For most off-the-plan projects in Rhodes, the standard deposit is 10% of the purchase price.

  • This is usually paid when contracts are signed.
  • The remaining balance is not due until settlement, which may be one to three years later, depending on construction timelines.

This structure provides buyers with time to save and plan for settlement, making off-the-plan an appealing choice for both first-home buyers and investors.

Why a 10% Deposit?

A 10% deposit is considered industry standard across NSW. It gives developers security while providing buyers with a manageable entry point. In some cases, developers may offer flexible deposit terms, such as:

  • Smaller upfront deposits with staged payments
  • Deposit bonds or bank guarantees (instead of cash)
  • Incentive offers on select apartments

It’s important to confirm these details directly with the developer or sales team.

Rhodes Market Context

Rhodes has seen consistent demand for off-the-plan apartments, driven by its riverside lifestyle, transport connections and strong community appeal. Because of this demand, deposits generally remain at the standard 10%, with limited discounting or reductions. This reflects the strength and confidence in the local market.

Frequently Asked Questions

Can the deposit be less than 10%?
In rare cases, developers may accept 5% or staged deposits. This usually depends on the project and buyer profile.

Can I use a deposit bond in Rhodes?
Yes. Many developers in Rhodes accept deposit bonds or bank guarantees, which allow buyers to secure their purchase without releasing cash upfront.

Is the deposit refundable if I change my mind?
Once contracts are signed, deposits are typically non-refundable. Buyers do have a statutory cooling-off period under NSW law, but this is limited and subject to forfeiture of a small percentage of the deposit. Always seek legal advice before signing.

Do first home buyers in Rhodes get deposit assistance?
First home buyers may be eligible for government incentives such as the First Home Buyer Assistance Scheme. While this won’t change the 10% deposit requirement, it can reduce stamp duty or provide financial support for overall costs.

When do I pay the balance after the deposit?
The balance of the purchase price is paid at settlement, once construction is complete and the property is ready for handover.

Final Thoughts

So, what is the deposit for off-the-plan in Rhodes? In most cases, it’s 10%, a well-established standard across Sydney’s property market. Buyers can feel reassured that this deposit structure gives them time to plan ahead, while developers are supported by a secure commitment.

For anyone considering buying in Rhodes, understanding the deposit process early helps make the journey from contract to settlement smoother and more predictable.

Head office:
Billbergia Pty Ltd
25 Angas St, Meadowbank NSW 2114
info@billbergia.com.au

Billbergia Sales Office:
Rhodes Central Shopping Centre
Shop 5, 6 Walker Street, Rhodes NSW 2138

Sales Enquiries:
1300 55 11 23 | sales.enquiries@billbergia.com.au

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