Quote:
Originally Posted by Incinerator
What you said was great advice...with a "Best Before 2005" sticker on it. 
Builders have all smartened up and have priced the new constructions on a scale according to the projected market value at completion. Some will make you sign a declaration that you will not be buying for rentals. Buying new right now is akin to writing the builder a cheque for equity that you do not yet have but they think you will have. |
Prices are not made for projected completion. No one would buy them if they were.
Why would someone pay a premium for a projected value when they can buy something already built for less and enjoy that increase in value themself?
as for renting, yes some contracts may restrict renting, but most won't and it's pretty easy to figure out at the time of purchase. From my understanding, the OP only wants to rent until they're ready to live there anyway so when their presale is complete they likely won't need to rent it anyway.