Inquiry about the area and Time to build ?

Hi Guys, I recently attended a property expo in Sydney and found about featherbrook Point Cook. The expo was run by a company called Central Equity. The land price was between 249- 299k. I'd like your inputs about investing in this area. However, i'm unsure about the prices and if i buy this land now, how much time do i have to build the house? Obviously, i can't just buy the land and keep it for ever. How much time does the government give be before i start building the house here ? Thank you all in advance for your inputs.

Best Regards,
Carthik
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claireb7 Dec 20, 2016
Featherbrook is further away from the town center and thus Melbourne CBD. Altough a lot of houses in this area have bigger blocks they tend to take a lot longer to sell.
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