Upsizing Success: How a Growing Family Secured Their Dream Off-The-Plan Home

Strategic Upsizing in Today's Property Market

With growing families needing more space and modern amenities, off-the-plan purchases are becoming an attractive upsizing solution. Here's how we helped the Thompson family transition from their starter home to their forever home.

Meet the Thompson Family

James (38, Finance Manager) and Lisa (36, Teacher) Thompson, along with their two children (ages 4 and 6), were quickly outgrowing their 3-bedroom home. With a combined income of $245,000 and significant equity in their current property, they were ready to upsize but wanted to make a strategic move.

The Challenge

The Thompsons faced several complex challenges:

Coordinating the sale of their existing property
Timing the settlement of both properties
Managing temporary accommodation if needed
Securing a larger mortgage
Finding a home that would accommodate future family needs
Balancing current school locations with new property location
Ensuring sufficient space for a growing family

Our Strategic Solution

1. Transition Planning

Current property sale timing
Settlement coordination
Temporary housing solutions
School transition planning
Moving logistics management

2. Financial Strategy

Equity release planning
Bridge loan assessment
Future mortgage structuring
Capital gains consideration
Deposit management

3. Property Selection

Future-proofed floor plans
Family-friendly developments
School catchment analysis
Community amenity assessment
Growth corridor identification

4. Risk Management

Contract contingency planning
Construction timeline alignment
Quality assurance measures
Settlement coordination
Finance structuring

The Implementation Journey

            Strategic Planning Phase (Months 1-3)
            Current property valuation
Market timing analysis
Project shortlisting
Financial modeling


            Selection Phase (Months 4-6)
            Developer research
Project evaluation
Contract negotiation
Finance arrangement


            Transition Phase (Months 7-24)
            Current property sale
Construction monitoring
Design customization
Settlement coordination

        

The Results

Property Details:

Purchase Price: $1,250,000
Size: 235sqm internal
Configuration: 4 bed, 2.5 bath, 2 car
Completion: 18 months
Location: Premium school catchment

Financial Outcomes:

Equity Released: $380,000
Bridge Finance: Not required
Stamp Duty: $62,500
Customisation Upgrades: $45,000
Weekly Mortgage Difference: +$420

In Their Words

"The thought of coordinating a property sale with an off-the-plan purchase seemed overwhelming at first. However, the structured approach and expert guidance made the transition smooth. We're thrilled with our new home, which perfectly meets our family's current and future needs."

Key Success Factors

            Timing Strategy
            Market cycle alignment
Construction timeline management
School year consideration
Settlement coordination


            Property Selection Criteria
            Room for family growth
Quality schools nearby
Family-friendly amenities
Future value potential

        

Essential Considerations for Upsizers

Location Priorities

School catchment areas
Family amenities
Transport connections
Community facilities
Future development plans

Property Requirements

Bedroom configuration
Living space flexibility
Storage solutions
Outdoor areas
Future adaptability

Looking Forward

The Thompsons' success demonstrates how careful planning and strategic timing can create a seamless upsizing experience. Their story shows that off-the-plan purchases can be an excellent solution for growing families seeking more space and modern amenities.