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Have you considered other 1-2 suburbs further out like Lilydale? Houses with decent blocks are in your price range and has a train station etc.

If you are set on the land, strongy1986 makes a good point also. I was considering this for sometime with another location for my block which has a house at the front. Vacant and straight blocks are much easier. Buy the house for a nominal fee, sometimes $1.00-$10,000 (if it's just a basic...

Speak to one of the brokers on SS...they are very good. Leave the beach house until last. I was there for Superbikes weekend, village atmosphere, nice place. Rent a storage unit...cheaper for now.