UPDATED TIMELINE: How the near 40 hour siege unfolded

WE BREAK down the events that happened from 4.30pm on Wednesday until it's tragic conclusion this morning, in a stand-off between an armed man and police.

Police first went to the Dalley Street address at 5.30pm Wednesday after two gunshots were heard and advised neighbours to clear the area. 

A conclusion was finally reached this morning when another loud bang was reported at around 7.30am.

Police entered the property to find the body of a 33 year old man.

Click through the photos for a breakdown of how the dramatic siege unfolded.