Wow. Seems like this sort of dodgy behaviour is becoming standard practice.
There have been other incidences of this sort of behaviour for land releases in North Kellyville.
http://www.smh.com.au/nsw/sydney-real-estate-greedy-developers-leave-buyers-in-lurch-20150509-ggujfd.html
Developer tricks to watch out for when buying off the plan...
http://www.news.com.au/finance/real-estate/wolli-creek-buyers-launch-class-action-against-developer-over-5m-sunset-clause-cash-grab/story-fndban6l-1227385761594