Investing with Property Developer e.g. OYOB

Hi Property Investors,
What you think about investing with Property developers e.g. OYOB (www.oyob.com.au). They have some projects on their website where they have bought the land and they are yet to be approved. They have plan to release the stages to public in 2020/22. But they give a chance to invest to now by buying a piece of land now (they have an approximate plan how land would have blocks sitting on it). What do you guys think about buying of piece of land in this way from developers directly? Are there any other developers/groups who does the similar thing?

Cheers,
Singh

 

I know one person who has invested in something like this, and the titles have never been issued. $100k down the drain with little hope of getting anything out of it.

 

Ever heard of the term 'High risk'?

Well put a couple more 'highs' before risk for this type of proposition.

 

Quick, run!

 

Yes, I do to.
Their previous projects are in very nice suburbs in Melb that I would love to buy into. However I tried to down load previous numbers on their project, with no luck.

Future projections well they are meaningless, and its the Melb market which has been running hot since 2013, developing property is all about timing the market.

High risk