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It depends on the area. Closer in to the city generally the smaller the block needed for a subdivision. Check with the local council in the area where you are looking to buy. So in short 600 square metres could be too small to subdivide or a massive plot of land for a subdivision. Check...

No you are not overcapitalising if you buy a decent size block of land and don't subdivide. You are buying it's potential to subdivide and it is extremly unlikely that councils will change the rules negatively for you on subdivision in the future. I wouldn't buy brand new though. The...