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Yeah they definitely have the equity available although i doubt would be able to get a loan for $850k, not with combined income of $140k - plus we cant save $45k a year (approx interest repayments), hence why was hoping to use LOC facility. Or do banks see development in a different way in terms...

My partner and I have been looking at buying a property for approx $350k, knock down, subdivide, build 2 houses and sell. Total lending approx $850k. Partners parents have $1.6mil in property freehold. Do you think the banks will allow us to use parents as 20% or 30% (whatever is required)...