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Like I said - just my experience. Which is very limited and admittedly with a large construction company. I got not much else to go off. :) I'm sure others here have had different experiences.

The 8wks was only referring to the Actual construction stage. ie, lay slab through to installing kitchen etc. Definitely not factoring any approvals, plans, certifiers, etc, etc. FROM MY EXPERIENCE, about 8 weeks AFTER BUILDING ACTUALLY COMMENCES it is finished.

I'd say rent, but if the house you are looking at buying is a good investment then go for it. As for how long does it take to build a house - how long is a peice of string?? Having said that from my experience generally about 8 weeks after building actually commences it is finished.