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So I have had another chat with my broker and it appears that Homeside will lend 80, 90 percent (with LMI) based on the lower of two valuations: a) the value of land + fixed price construction contract; or b) the 'as completed' valuation. You would certainly hope (A) was the lower or you'd be in...

Cheers Aaron, There are only 2 units involved (one retain and one build). I have been told that whilst banks will lend 80% for a standard construction (after titles are issued), some banks will only lend circa 70% for the Build-then-subdivide model because of the added risk involved (ie the...

Hi there, So having finally bought my first property I'm now looking to subdivide and build on the back lot. I am faced with two options and am having a bit of trouble working out the best way to go. (note I am in WA, so i'm not sure if the jargon will differ for other states): Option 1 -...