Actually I am also considering my options. As the FHOG finishes and if I sign the contract now – what would be the implications on the valuation of an Off the Plan property? I have been looking for properties in the Parramatta region and most are inflated by upto 50-60k! What should I do? The 24k is a great way to get into the market, however if the Bank doesn't value the property to be what we are paying then we are in trouble! :S