Hi all, Scenario: Long story short , I bought a massive land with an old house on it. I wanted to build an attached duplex on it and the valuation didn't come out the way I want due to the land being in one title and I ran into the "in one title" valuation approach which resulted in a c.21% haircut/discount to the Gross Realisation value. What I did about it: 2 things: 1. Changed from attached duplex to free standing homes 2. I went and subdivided the land to create 2 lots I went back and spent 7 months subdividing the land into 2 lots. I'm nearly done (1 month away) now and once done I can re value the whole project and hopefully get the LVR I want. The bank said I will be able to use and get 2 valuations i.e. one for each lot which will mean a reduction in the discount I experienced before. My Question: I want to see how the valuation is usually carried out when the lots are subdivided for my own knowledge. In the first valuation (in one line method) they applied the following discounts that reduced my valuation: 1. Less GST (under ATO Ruling GSTR2003/3) - will this still be a discount on the new valuation now? This is the real killer in the whole valuation. It seems like this shouldn't be included since a subdivision does not create new residential premises but I am not too sure. 2. Less selling expenses (agent, legals , etc) - will this still be a discount on the new valuation now? 3. Less Profit and Risk - assuming this was due to the land not being subdivided. 4. Less fees, acquisition/holding costs - will this still be a discount on the new valuation now? I'm assuming no? Any comments/feedback will be appreciated please.