We are thinking of purchasing a property up at North Arm Cove and was looking to see if anyone else has had experience up there? Family friends of ours have purchased a few properties over there in the past 10 years and have had nice capital gain. (Waterfront purchased for low 300's - now worth low 1 mil) The property we're looking at is a 1500sqm piece of land that's been subdivided into 3 separate sized lots of 500sqm. All for sale together, with a single house on the middle piece (1 bedroom, nothing special). They're asking for roughly $330k for all three. My main concerns are: - No proper sewerage system in the area - sceptic tank only. - No water - Councils have applied for funds to fund water/sewerage services although not guaranteed. - Low amount of nearby amenities Has anyone else had experience up there?