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Yes had a few discussions with REA around the asking price when they're trying to get a premium price. Even went to the length of breaking down all the costs... he ended up agreeing, but vendor wanted more $$ because... 'its a development block' If it's that easy do it yourself... Needless to...

Council development plan will tell you all the above. But note most look for the easy to see blocks, these blocks will usually come at a premium if advertised well. Speaking to a decent architect, town planner or direct with council will give you insight to what might be able to be done.