Just got back form an auction in the northern illawarra for a series of lots close to the ocean. Far out, the prices are out of control! My feasibility numbers were totally blown away with some of the prices people were paying for blocks of land. Even for a PPOR, I couldn't justify the numbers to grab any. Good luck to them however I think this is the top of the market. Anyone else have the same thoughts in this market regarding the illawarra?