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Our first house: Land (1972) - $3K House building costs (1974) - $20K Sold end 1977 - $40K Present house (brick, 4 bed 2 bath 2 car 700 sqm) purchased 1979 - $49.5K Present value - $550K -$600K But you will not that it took us 3 years to pay off the land and save the deposit to build...