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Thanks, so basically if we were to convert it to a livable area we would need to go through the normal channels re: certifier etc?

We are are in the market for our first investment property and are looking at one tomorrow in Redcliffe (Moreton Bay Council) http://www.realestate.com.au/property-house-qld-redcliffe-117506351. It is advertised as 3bed2bath however it appears the main house has 3bed1bath and there is another...