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Sorry Brett I may have mislead you a little. I can sell the house today for around 600k. Its only if i choose to build would I loose the equity as the house/land component is changed by bank valuation to just land value which is around 400k. In NSW you can't subdivide till after building is...

thanks for the replies, I've calculated using my equity but once I look at construction finance the equity is non existent as its no longer a 600k house and land its now only a 400k block of land :( So for the banks etc the loss of the equity means a larger mortgage and there for no real...

Hi Everyone, I'm looking to build my duplex this year after a hell of a year last year. Theirs still some hurdles to overcome but I'd like to put forward my plan and get idea's of whether its possible to get green light from the banks. Current Mort - $400k Current...