Hi all. Just trying my luck if anyone can share their views/opinions/suggestions on banks approving loan to build units on a section? We have a 900 sqm land with stand alone house being rented to good tenants. Long term, not sure if feasible or not, at this stage, our goal is to build 4 or 5 2 bedroom units ie knock down the current house.
i just don't know where to start on the process. How will a bank look at this type of investment? Is this still subject to a newbuild loan? Cheers
i just don't know where to start on the process. How will a bank look at this type of investment? Is this still subject to a newbuild loan? Cheers
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