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The value of the subdivided block which is around 600 square metres is probably around $250k.

A question on these subdivision, does the sale of the newly subdivided property give you any obligation to pay back part of the debt. Eg lets say you buy a property with a large block for $550k, using $100k equity and $450k debt, do a subdivision and sell part of the block for $250k, and hold...

Thanks very much for the post, I thought the subdivision costs would be less than that, was there any particular reason it was $72k? Did you also have to get DA approval for a specific house design for the second block?