Hi Tom,Have you had any luck with advice on this Sth Hedland project or do any other members have experience with Sth Hedland development – specifically subdivision ?I also have a 1,100m2 property in Sth Hedland which I'm currently awaiting approval on subdivision… keeping the existing house (rented at $1,800/week) while creating a new vacant…[Read more]

Hi Terry & Michael,Just a quick note to thank you both for your advice and suggestions – much appreciated.Apologies for not acknowledging you sooner… I was OS and offline for some time.My confusion on the tax issue stems from reading one of Jamie McIntyre's books where he states with regard to equity increase on LOC loans – something along the…[Read more]

Thanks Richard – much appreciated.Yes – the subdivided block will have a separate title.what I hope to do is have the two titles/houses revalued once subdivision and construction is complete – then sell the older existing house on the now smaller block for the same price I originally paid. That would pay out the orginal loan. Assuming the bank has…[Read more]