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what concerns me is that the OP appears to be doing his research just as he is about to sign on the dotted line instead of well before. recipe for disaster imo

have you done any of your own research into this or are you simply believing what the agent has told you? - what gives you the impression that there will be 300k growth in the next 2 years? what are similar finished houses selling for in the current market and what are the indications that...

agreed. it sounds like youre going for a high risk strategy without the necessary buffers. why did you choose south hedland and why build something when there is currently an oversupply and likely to be some motivated sellers?