Intrinsically, buying a home already has some risks attached, as part of the “taking the plunge” aspects of home ownership. This is doubled though when you’re buying a lot in a new community, since you will have little idea of what the living conditions will end up looking like, such as neighbours who will set up their home next to you, or building that will rise around you. Make sure to save up enough to adapt to these future changes.
Buying a new house and land in Perth carries with it the benefit of customization options and overall affordability. However, it always pays to know, at the very least, what further expenses you might be getting yourself into, so you can build your budget to meet these needs.