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No worries. Pretty much - you need to get a fixed price building contract from the builder. You provide that to your banker/broker so they can order an upfront valuation. The bank will then lend against that value. If you have sufficient equity in the property already - you may not need to...

Agree with Scott - last couple I did came in lower than the combined value + costs. GFs are good for strengthening yield/cash flow but not so much for value adding. If your banks allows it - arrange for an on completion, upfront valuation before submitting an application.