I went out there about five months ago for the first auction of blocks fronting the golf course. My budget was $290,000.
I was told "you';e in the ball park at that price". Typical real estate novelism. The bidding started at $330,00 and the block we had our eyes on went on to $425,000 (bought by Robbie Flower - so I was told later).
Subsequently I have been inundated with marketing junk from the promoters urging me to buy a block in the second release which is due next month, however, in the meantime, we have purchased elsewhere.
Yes, the land is dead flat, but from what I could see, it had a primarily sandy base.
The plans at the promoter's offices looked quite impressive, but at the end of it, the proof of it all will be in its finality.
Shark Enterprizes (Medallist) were approached so I was told but IMG seems to have the inside running on new developments, at moment, in Melbourne.