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Application for subdivision is in with planning commission, so no, not too far. We can afford to take our time since the house is rented, so holding costs not too harsh. We haven't actually made up our minds yet whether to just sell the vacant block, or build and move in for 1-2 years before...

so the best bet might be to refinance in this situation? E.g Split the loan, so that you have 80% against the front property, and 20% against the new property that you've built on the subdivided block. So instead of having 500k secured against 2 props valued at 400k each. Split the loan...

Hi, Consider this scenario. A house bought for 500k. Subdivide and build on rear block and retain. So the value of the original house has reduced, by say 15%. This house is rented and negatively geared. After the subdivision, I assume the bank would secure the original loan (lets say...