So if your land can be sub divided, and there's still a house on the property that you don't intend to demolish any time soon, does it make sense to get the necessary approvals and all the paperwork etc involved in sub dividing as a way to boost equity?
Or does this approval have an expiry if you don't actually chop up your land and knock down the house, so if you don't act on it within a certain time it becomes a waste of money?
Or does this approval have an expiry if you don't actually chop up your land and knock down the house, so if you don't act on it within a certain time it becomes a waste of money?