The 220 club!

We're not buying the block of land we really liked. The owner is asking too much. Seems there's a '200 club' around Beveridges Road whereby any parcel of land, from half an acre to 20+ acres, is on the market for $220,000. After getting the block independently valued (which came out significantly less than 220K) we put in a reasonable offer only to be laughed at by the Agent, who went on to relay some rude remark from the owner 'I may have a beard, but that doesn't make me Santa Claus'. This comes after the Agents opening remarks about the owner being VERY negotiable with the price. Arrrrr. Won't be using that Agent again! Now considering cheaper houses in town that we could renovate, or less 'grand' blocks of land to build on.