So penny you biult a 300m2 house for approximately $333 a square metre. I find this extremely difficult to beleive as the material costs from the aplliances, bathrooms, kitchen, eelectrical work, double garage door etc would have vcost you more than $100,000. Dad builds and that house in 1999 would have cost around $250-$300,000. Your parents got the bargin of a life time. To build the same house today using the $1200 to $1500 would $360-$450,000.
Which corresponds to the increases that have occurred. As to the increase in value, Penny, it is the land.
Thats why when you buy something, look at the land component. The more the land there is the bigger the gains.
