Hi Dubstep, It went well in Mackay. I actually signed the contract for land. I liked the place. The block of land was a bit elevated and mattnz was right, they don't give permission to build new construction in flood affected areas. The street is still not in google maps. It's called Oldmill drive/ Deguara drive. The area is not very far from the harbour.
It's a land+build package, so there wasn't much room for negotiation. The package was already sold once about two months ago, but the buyer decided to pull out for some reason. The land price increased about 25-30k within that time. The developer didn't know that it came back. I had the deal with builder who gave me the land at itsoriginal price. It's a 595 m2 land and I got it for 190k. I still haven't signed for the build contract, but i'll have to do it very shortly. Then there's contract settlement period of about 35 days and financing time. Hopefully, if everything goes right, i'll have the construction commencing for my first IP or property in general in about a month and a half's time.

Thanks very much everyone for the help.
Yes Dubstep, I'm planning to fly in there for a couple of hours this weekend. Do you think $545K all up is too much for a 4×4 ( all rooms air conditioned) house around that area?
House Call, thanks for the link. Are the red areas in the map when you complete a search the flood risk areas?