We are 4 borrowers constructing two dwellings on a block that we will subdivide. We obtained plans and permits, and have begun construction because we have sufficient equity. Total GRV is approx $4m. CBA sent in a valuer, who has agreed with the GRV and then applied the discount due to the in one line valuation. They've knocked approx 26% off the valuation, and they're lending us 70%, which equates to 53% total LVR. Obviously we'd like an LVR a little higher so that we're not tying up all our equity while we build. Since construction is underway, council have told us that they would approve a subdivision request. If we were to subdivide the properties now, would we have an easier time getting a loan of 70%-80%? Any insights appreciated.