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Here's one I found on a main rd. You dont get mush busier than Parramatta RD. http://www.realestate.com.au/cgi-bin/rsearch?a=o&id=104392783&f=0&p=30&t=res&ty=&fmt=&header=&cc=&c=53604810&s=nsw&snf=ras&tm=1215736041 Price seems to be discounted heavily

Depending on area, i would have thought 10%-20% discount for being on a main rd. For a 1200m2 block I would have thought a 10-20% premium minimum if the block falls within council guidelines for subdivision. Check the requirements for Torrens/Strata title developments with council and you may...