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It varies and depends on your inclusions but as a very rough number: $175k-$185k 2 bed 2 bath. If you're looking at under croft parking (garages), strange sites, higher spec this will add cost. Also, don't forget costs to get you to construction such as designer, planning, surveying etc...

It's interesting to see the development sites come back a little bit. A few months ago this would have been sold well above the $700k figure. To compare I purchased this site in late 2011 in anticipation of the Belmont re-zoning...