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Yes, even doing once could mean you are a developer. However, it could also be argued that you are an investor too. Depends on the circumstances I think.

You may or may not be treated as a developer and the properties trading stock. see definition of trading stock in the tax act: section 70-10, Income Tax Assessment Act 1997, and see TD 92/124 Income tax: property development: in what circumstances is land treated as 'trading stock'...