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I don't know the Sydney market, as we are builders in Brisbane. I know that generally speaking, you are going to be paying a premium for buying from a developer. I bought a block in an estate recently, but it was 'second hand'. Got it for 165k, the original owner bought it 2 years prior for...

Try not to buy an investment poperty in an estate. It is a horrid decision. Unless you are wooly, white and end your sentences in 'baa'.