Ok,
im looking at this house to buy at this moment,
http://www.realestate.com.au/cgi-bin/rsearch?a=o&id=106065301&f=0&p=10&t=res&ty=&fmt=&header=&cc=&c=70664384&s=nsw&tm=1256545938
Its about 450sqm. Reserve is 550k.
The house right next to it, slightly smaller land, but 3 bedrooms...