Investing delimma

I am in a dilemma, as I am new to investing and this would be my first IP.
should I go for a small land 530sq and rent it out or shall I go for big land with potential to built at the back and pay 100k more. Money to buy big land is not the issue. It is just that shall I start low each step at a time or buy a big block and after 2/3 years look into building. I am new here so please help.
thanks in advance
That's an incredibly open question. It depends, is this $100k premium to make the block subdivisible in Double Bay or is it in outback Karratha?