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That's what I thought. If we manage to get a loan to build - this house will have 12% yield on the current mortgage so it should get us over the line - I guess that would be a good moment to refinance that land component out into the construction loan. I have a feeling the bank will be wanting...

Did the math, realised that depending on what the housing SA guy says, we could be $10-12k PA positively geared within a year of first becoming landlords, assuming someone gives us a loan and we keep the houses rather than sell. Amazingly, this would raise our household income to *above* the...