Yes. And if you go <50km in any direction you can get hundreds of acres for the same thing. We're not stressed for space. We're stressed for infrastructure (and population).

I expected your response, so I want to say that $2M will buy you a great house on decent land, even in Sydney. Not that it's a nice way to spend that much money. Like the rest of the world.

Like an apartment. People don't want to buy a good piece of land outside the city. That doesn't mean we're running out of land.