yes i think thats right 100 year leases
in that same area, ~10,000 sqm island for 220k
http://www.firstnationalsanto.com/buy-residential-real-estate/vacant-land-parumamasa-island-aore-malo-channel-1190410066
amazing
or you could have 8 Dover street Williamstown for $550k?
property crashing!!, page-14
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