diff --git a/libraries/tools/kotlin-gradle-plugin/src/common/kotlin/org/jetbrains/kotlin/gradle/plugin/KotlinPluginLifecycle.kt b/libraries/tools/kotlin-gradle-plugin/src/common/kotlin/org/jetbrains/kotlin/gradle/plugin/KotlinPluginLifecycle.kt
index 1d0c98a5f99..d2604d7c59c 100644
--- a/libraries/tools/kotlin-gradle-plugin/src/common/kotlin/org/jetbrains/kotlin/gradle/plugin/KotlinPluginLifecycle.kt
+++ b/libraries/tools/kotlin-gradle-plugin/src/common/kotlin/org/jetbrains/kotlin/gradle/plugin/KotlinPluginLifecycle.kt
@@ -137,6 +137,16 @@ internal suspend fun Stage.await() {
     currentKotlinPluginLifecycle().await(this)
 }
 
+
+/**
+ * See [newProperty]
+ */
+internal inline fun <reified T : Any> Project.newKotlinPluginLifecycleAwareProperty(
+    finaliseIn: Stage = Stage.FinaliseDsl, initialValue: T? = null
+): LifecycleAwareProperty<T> {
+    return kotlinPluginLifecycle.newProperty(T::class.java, finaliseIn, initialValue)
+}
+
 /**
  * See [LifecycleAwareProperty]
  * Will create a new [LifecycleAwareProperty] which is going to finalise its value in stage [finaliseIn]
@@ -152,10 +162,10 @@ internal suspend fun Stage.await() {
  * }
  * ```
  */
-internal inline fun <reified T : Any> Project.newKotlinPluginLifecycleAwareProperty(
+internal inline fun <reified T : Any> KotlinPluginLifecycle.newProperty(
     finaliseIn: Stage = Stage.FinaliseDsl, initialValue: T? = null
 ): LifecycleAwareProperty<T> {
-    return kotlinPluginLifecycle.newLifecycleAwareProperty(T::class.java, finaliseIn, initialValue)
+    return newProperty(T::class.java, finaliseIn, initialValue)
 }
 
 /**
@@ -323,7 +333,7 @@ internal interface KotlinPluginLifecycle {
 
     suspend fun await(stage: Stage)
 
-    fun <T : Any> newLifecycleAwareProperty(
+    fun <T : Any> newProperty(
         type: Class<T>, finaliseIn: Stage, initialValue: T?
     ): LifecycleAwareProperty<T>
 
@@ -419,7 +429,7 @@ private class KotlinPluginLifecycleImpl(override val project: Project) : KotlinP
 
     override fun enqueue(stage: Stage, action: KotlinPluginLifecycle.() -> Unit) {
         if (stage < this.stage) {
-            throw IllegalLifecycleException("Cannot enqueue Action for stage '${this.stage}' in current stage '${this.stage}'")
+            throw IllegalLifecycleException("Cannot enqueue Action for stage '${stage}' in current stage '${this.stage}'")
         }
 
         /*
@@ -463,10 +473,11 @@ private class KotlinPluginLifecycleImpl(override val project: Project) : KotlinP
         }
     }
 
-    override fun <T : Any> newLifecycleAwareProperty(type: Class<T>, finaliseIn: Stage, initialValue: T?): LifecycleAwareProperty<T> {
+    override fun <T : Any> newProperty(type: Class<T>, finaliseIn: Stage, initialValue: T?): LifecycleAwareProperty<T> {
         val property = project.objects.property(type)
         if (initialValue != null) property.set(initialValue)
-        enqueue(finaliseIn) { property.finalizeValue() }
+        if (finaliseIn <= stage) property.finalizeValue()
+        else enqueue(finaliseIn) { property.finalizeValue() }
         val lifecycleAwareProperty = LifecycleAwarePropertyImpl(finaliseIn, property)
         properties[property] = WeakReference(lifecycleAwareProperty)
         return lifecycleAwareProperty
diff --git a/libraries/tools/kotlin-gradle-plugin/src/functionalTest/kotlin/org/jetbrains/kotlin/gradle/unitTests/LifecycleAwarePropertyTest.kt b/libraries/tools/kotlin-gradle-plugin/src/functionalTest/kotlin/org/jetbrains/kotlin/gradle/unitTests/LifecycleAwarePropertyTest.kt
index ce3a6c52a34..e56f7b8baf4 100644
--- a/libraries/tools/kotlin-gradle-plugin/src/functionalTest/kotlin/org/jetbrains/kotlin/gradle/unitTests/LifecycleAwarePropertyTest.kt
+++ b/libraries/tools/kotlin-gradle-plugin/src/functionalTest/kotlin/org/jetbrains/kotlin/gradle/unitTests/LifecycleAwarePropertyTest.kt
@@ -61,4 +61,26 @@ class LifecycleAwarePropertyTest {
             assertFailsWith<IllegalStateException> { property.set(2) }
         }
     }
+
+    @Test
+    fun `test - creating a property - after finaliseIn stage already passed`() = project.runLifecycleAwareTest {
+        launchInStage(KotlinPluginLifecycle.Stage.last) {
+            val property by project.newKotlinPluginLifecycleAwareProperty<String>(Companion.first)
+
+            /* Property was finalised immediately */
+            assertFailsWith<IllegalStateException> { property.set("Expected to fail") }
+            assertNull(property.orNull)
+        }
+    }
+
+    @Test
+    fun `test - creating a property - in finaliseIn stage`() = project.runLifecycleAwareTest {
+        launchInStage(KotlinPluginLifecycle.Stage.FinaliseDsl) {
+            val property by project.newKotlinPluginLifecycleAwareProperty<String>(FinaliseDsl)
+
+            /* Property was finalised immediately */
+            assertFailsWith<IllegalStateException> { property.set("Expected to fail") }
+            assertNull(property.orNull)
+        }
+    }
 }