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I've seen 30% CG in my immediate area in 12 months. I still think 15% per year is conceivable as the railway nears completion. That sort of growth is not sustainable though.

In the areas within 10-15 mins walk to the stations, we might see something like: 2015/16 : 15% 2016/17 : 15% 2017/18 : 5-10% 2018/19: 5-10% ( NWRL opens 2019 ) 2019/20 : 3-5% ( completion of remaining dev sites / units close to stations ) 2020/21 : 3-5% 2021/22 : 3-5% 2022/23: 5-10%...

Quite happy that the extension of the NWRL to the city is more of a certainty: http://www.abc.net.au/news/2015-06-04/new-sydney-harbour-crossing-at-rocket-speed-after-power-vote/6521304

Agree, best advice is to pick your block yourself and then find your own builder. When choosing a layout, think about attributes that will make the house easy to sell. This is one of the reasons I went for a custom build. It allowed me to make sure the living areas and kitchen were generous...

Because of potential for market movemeets over time you have the risk that the valuation for the completed property will come in lower than the land + construction cost. In this situation the bank would likely ask you to provide more capital ( i.e. Cash ). Just to use an example, whereas the...

There can also be more risk with off-the-plan, particularly in a stagnating or declining market. It is worse for some unit developments, since the time from placing the deposit to the property being completed can be 3 years ( or more ). You can get similar timeframes with some land estates...

Yes. That is the idea. Some defects will be minor, picky things. Others might need urgent/drastic attention whilst others you can negotiate a fair/reasonable outcome. Read through some of the build threads on homeone to see the sorts of problems people have.

During construction there is a greater chance that defects that would otherwise be hidden can be fixed and rectified. e.g. Plumbing and electrical work that is hidden in walls not done to standards, building frame not to standards, waterproofing not to standards, etc, etc. Mistakes can occur...

If you do secure a house and land package, try and arrange for independent building inspections during construction.