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Ah, makes very good sense. Thanks for your feedback.

Why is it important to split the loans post settlement? (and it's a 3 lot subdivision, so 3 separate loans?)...

Would it be more beneficial to go for a LOC (bank manager said the equity manager behaves similar to LOC)?

No, only on asset holding and/or selling (gst etc). This would be a good idea, thanks. However, I think it's time I changed accountant...

Thanks Rolf, Is there a better strategy? And yes, its anz. Looking at the interest on the equity manager I'd pay a lot less interest compared with re negotiating existing loan. Could I refinance the equity manager once subdivision is done?

Hi I'm subdividing my IP and the bank is offering the following: Scenario 1 Equity Manager Balance $60,000 Interest Rate 5.78% No set repayment Loan approval fee $600 Loan administration charge $150 per year Scenario 2 Re negotiate existing loan with additional $60,000 Interest...

Belu, I also bought a development block, in eaglehawk. Bought for $235k rent for $250/w. Initial enquiry has been good. May I ask what you're going to do with the development? I'm thinking about sudividing with building 'plans' and selling land (2 or 3 blocks). This could pay down existing house...

I recently went unconditional on a property in Bendigo as well, settles in 6 weeks. Interested to see how your rental figures ended up Wokka. Have you found a tenant? Easily? By the way, I also used the same BI and PI guys, no problems.