Built on time will be interesting but given the developer will be waiting on 90% of their income they have a decent carrot to deliver on their promise. Same with quality if they don't do their job properly then they don't get their money until defects are rectified. Fingers crossed it all goes smoothly but they have a decent resume of projects in the local area plus across Sydney which have been completed and they are pretty decent.
Deposit was just hard work in the last 12 months, I've blown a tonne of cash over the years on cars if I hadn't done that I'd probably own something outright a long time ago. With both me and the mrs chucking 50-70% of our salary into a savings account plus a decent return on some speculative stock investments we've been able to get a decent chunk together. If we keep saving like this for the next 12-18 months then we'll hit my expected target.
I have some other investments (thanks to my employer) which could be dipped into should we want to take the mortgage sub $300k but I'd prefer to leave them long term as a nest egg for the future.
