@Goose said:
What are your thoughts? Is this common practice?
I know someone who paid a deposit of $8000 for two off the plan apartments. The builder ended up becoming bankrupt and this person lost their deposit and didn’t get to own the apartment they thought they would eventually own.
This event occurred about 10 years ago meaning that the $8000 would be worth more now.
So I think you are in a better position than these people …