5 acres can yield appox less than 40 1/8 acre plots because of roads (my opinion)
with 23m buying,you would need to sell @ plot at approx. 575,000 to recover you buying price even not factoring other expenses. Hope this answers you.

Just sold some plots 2.8km from the road and 70m from the murrum road. These had been on sale from Dec 08 till early Aug. The 1/8's went fetched about 580k.

I thot 1/8's 5km in at 575k would be too pricy,possibly 18M


Want to be a millionaire.... plant a million cabbages and sell them at a bob...

Well,you could buy land at that price for speculative purposes.Usually if the owner is selling at that price it will be pretty hard for them to slash 1m off unless they are in dire straits. Secondly,if you are thinking of subdivision,you have to factor in other costs e.g.time,money but even more importantly 10% loss in size of that land. That is a prime area whose growth-rate of habitation is exponential. Go for it.

Patience Pays in Guaranteed Checks