I am waiting on a fixed price quote from Builder. Will probably be a week or so.
I don’t have any equity in the block as is. I would be reliant on end valuation of the 2 houses after build was complete. Is this something you could possibly work with.
I currently own a house in Engadine NSW.
I have a DA approval for a second house on the block and Subdivision once build is complete.
Current Mortgage is 800k
Total Build cost @500k
Total value after Subdivision
I plan to sell the existing house after Subdivision, I have no CGT or GST to worry about.
I am unable to…[Read more]