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No probs Lynn, bare in mind I'm just going from my experience with valuations done on house and land as well. Perhaps it is different when you comission them for the specific purpose of 'land.' The valuation I got last month valued the 'land component' of the deal at about 40% below what land...

Buzz, are there any land sales in the neighbouring suburbs that may give you a bit more of an idea? Whether they be govt. land sold off and subdivided, or older houses being knocked down and sold off? Lynn, beware, registered valuers often have no idea. Bought an old house couple weeks ago...