Just in case you're not sure what name to buy it in an "and or nominee" clause on the end of the name wouldn't hurt.
Agree that you should be aware of any easements that burden the property as well as the Development Control Plans for the local council area.
You should also understand if its flood / fire prone and what implications this has on development.
I take it you've also done a title search so know you're buying clean title.
Does it come with an approved DA or is it clean? What's its zoning? Whats its subdivision potential?
Can't think of anything else off the top of my head.
Cheers,
Michael.