I've been offered an opportunity to purchase an off the plan 1 bedroom unit on King St Newcastle. There are 30 units in the development and its being constructed by a reputable developer that has produced quality results in the past. Its walking distance to the new Law courts and Law faculty, which will be completed in just over 2 years. With the Icon development (over 120 units) 400m away and numerous other unit developments close to the Newcastle CBD I am after some educated opinions as to whether or not this would be a wise investment?