Hi All, Looking to get started on my first subdivision within the next few months in Scoresby, Melb. Will be retaining the existing renovated dwelling which I purchased April 2014 and building on the back. Estimate figures below; Any thoughts or comments on feasibility would be great. Current value - existing renovated dwelling on 868sqm: $620-$640k (purchased for $525k in 2014 + $45k spent on reno) Value of existing renovated 3/1/1 dwelling if land subdivided on 468sqm: $600-$620k Value of new 4/2/2 double storey townhouse on approx. 400sqm rear allotment: $650-680k (based on recent comparable's) Cost to subdivide and build: $40k plans + permits. $260k - $300k build depending on quality of finishes. working off approx $13k - $15k per square. With the above in mind, end result would be aiming for total value around $1.2mil. Total loans would be around $750k. Looking at advice on funding the project or for any things I should be cautious of prior to getting things started. At the moment I am living in the existing house with 2 room mates to help pay the mortgage. Current loan amount is $420k and awaiting a few finishing touches before having the property valued but should come in around the $640-$660k mark. What is the best way to structure the loan for the subdivision? I'm going to need approx $40k to pay for the surveyor, town planning drawings, council lodgment, arborist report, soil report, landscape plan, council contributions, estimated interest costs etc etc. to get it to a point where I have plans approved and ready to build. I will be looking to make use of current available equity in the property and would like any advice on how I am best to do so. Obviously the next step will be to discuss in further detail with my broker but would like advice from others that may have experience. I will have an amount of cash available to get things moving initially but will need finance to complete the planning/permits stage. Apologies for any mistakes/naivety, this is all reasonably new for me! Thanks in advance!