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For some reason I wasn't getting notification emails for the post. Yes, i will need to pay back part of the debt so that the leverage is 80% of the current value of the front block (or 90% if you want to pay LMI). The bank will just do a variation when the titles are issued.

No, the DA approval doesn't include a specific design. I think the costs would be council specific, I'm not sure about there in NSW but the headworks at Brisbane City Council (sewerage, contributions for roads etc) are around $27k per lot plus costs to build a driveway, run conduits to the back...

I'll need to re-run my figures and see if it's worth putting an old removal house. Is there a reason why you suggested moving the front to the back instead of just putting a removal house straight on the back block? Unfortunately I can't fit 3 on the block as it is only zoned for low density...

This is my first thread so I hope I'm doing this right! I bought a 1012sqm block in Boondall, Brisbane a year ago with an old 2 bedroom cottage at the front. My initial plan was to subdivide and sell the land at the back and use the profits to convert the front house into a positive cash...