G'day Can someone help me think through this process? I'm thinking of buying a house on a decent size block of land as my first place and then subdividing. I'll live in it, reno, and then hopefully subdivide and sell off the backyard as a battle axe block, putting the profit in an offset acct and renting out the house. It'll then be positively geared so I can repeat the process. How would this type of subdivision affect the value of the house? And the rent? Most importantly, how would the bank treat this plan of mine? Should I withdraw equity after the reno to pay for the subdivision? I have so many questions and no one to ask! Are there any other gotchas I should be aware of? Or any faults in my plan? Thanks all.