Is buying off-plan in Perth a good option?

I am tempted to give this rentvesting a go and was told I should look into maybe purchasing off plan. Does anyone has any experience in this?
Question asked via Homely.com.au The opinions expressed here are those of the individual and not those of Ray White.
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Rudd Jan 14, 2016
Here are a few suggestions of developments being built at the moment.

Skypark
Imperio
Sterling Cross

Obviously, There are pros and cons of buying off plan.

Pros are that you often able to purchase the property for a considerable amount less than when it hits the market, ensuring your rental yield to be high or the amount your property will be worth once completed.

Cons, there is no precedent set for how much these properties may rent for or how they will do once it hits the market.

If you are still concerned about off-plan then another tip is
to look where developers are building. Once the work is complete the suburb as a whole will see the benefit of the new apartments. So getting older stock before then is a sure way to see a return on your investment.

Research!

You can start here.

http://www.perthnow.com.au/realestate/news/buying-units-off-the-plan-is-booming-in-perth-real-estate/story-fnhlgriw-1226759137618
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The opinions expressed here are those of the individual and not those of Ray White.

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