dirt cheap or wait awhile seems to be the options

Well we have made some progress in the loan approval stakes.
We have got a finance figure from a lender. It is wayyyyyy! too low...unless I wanna buy as block in Beverley for $35,000, or Mullewa for $19,000 or Northampton for $60,000...
Or we could always goto Yarloop for $62,000 right next door to the Alcoa Wagerup refinery that Erin Brockovich has come out from USA to see...Free blood noses diahorrea and headaches, cancer etc come with this land package...
Or if I can somehow find someone to build a house for $60,000 to $80,000 (Peter Lees design maybe, perhaps a very understanding builder...then maybe one of the $141,000 blocks that have been released this week (a bit small at 287m square but might do the job)...
Basically feeling a bit discouraged...so we have a few months to try and work with what we have so far, or try and save $15,000 to $40,000 (very hard to impossible) and/or try and find another lender that will give us a better go...
Be very easy to just crawl under a rock and carry on renting but I can't afford to throw in the towel just yet...