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HI all, Just want to get some idea from everyone - i have an IP in WYONG LGA area B5 (business development zoning) that has 1000sqm land (frontage of 19m) and only 300m walking distance to nearest train station. Currently it has a very old house that are in knock down condition...

Hi All, My IP have got cracks all over the house over the years and its come to the point I will have to fix the foundation movement issue. Having checked no leaking pipes, no large trees around, I can only assume it is due to reactive soil (haven't done the geotechnical report yet). I am...

Hi Bashworth Is this a way to get around council restriction by subdivide first then build a duplex? So after you divide the land title into two, how does the building process for a duplex work? Could you explain a bit further pls?

Dear all I am considering building a duplex in ryde council area but I see on their council website you cannot separate title into two titles after duplex is built which means you cannot sell each duplex separately. Could someone pls help confirm this is correct and if it is is there...

To be honest, I am not sure how having a duplex granny will adversely affect your capital growth for the main property. Worst case scenario, knock out the middle wall dividing the living area and one kitchen so it becomes a 2 bed room granny? (I don't think its that difficult is it?) My...

Thanks everyone for your help and clarification. Yes, I agree if interest is being calculated daily, then an offset account on a IO loan makes no difference in terms of amount of interest you would pay compare to a P&I loan even if it pays weekly. I also get the Tax advantage of not offsetting...

Dear all I am thinking of refinancing my loan to a different lender who is offering better rates and upon reviewing whether I should choose interest only loan vs principle +interest loan I really want to get some expert opinions from everyone. I believe interest only loans are flawed. The...

sometimes its difficult to balance the risk and return such as in this instance where a duplex granny clearly gives higher return. :)

Thanks Nek. I thought so you can only build one single dwelling. I was surprised this builder promise it can be approved by the council though? In terms of target market - my thoughts are this: if you build a 2 bedder granny without a garage (my land can't fit a garage for the granny due to...

Dear all, Currently planning to build a granny flat in area governed by Auburn Council in Sydney and I came across an interesting and possibly better investment return - duplex of granny flat! I have attached a floor plan for everyone to see. It is 60 sqm. The granny flat builder claims if...

Thanks very much for the insights Nex. I called Optus today asking if it's possible to setup an additional internet connection for the granny flat and they said no, Optus only can have one internet connection per one addresses. However, I was told by a granny flat builder today you need to tell...

Wow, thanks everyone for the overwhelming replies and discussions. I didn't know networking can be so 'heated' topic. :) Just a bit more info on my particular situation: the main house is currently using Optus Cable network. Also, the main house is now NBN network READY! I understand I can pay...

Dear all Currently planning to build a granny flat and wonder how would Internet work? Is it possible to have two Internet account on one title property(one for the main house and one for granny?) If not, can someone shed some light how to solve the Internet access issue? I am not sure if...

yes, i don't mind to spend few dollars on a course but it does sound like its a pretty generic online course where answers are mostly given to you. i think its a start if you want to be an owner builder. Like most things, you have to throw yourself into the actual projects, make few mistakes...

Dear all, I am thinking of completing a owner builder course (national course code: 91509NSW) online to prepare myself with potential managing to relocate a house to another location or later organising to build my own project house rather than using a project builder. I had a look at a...

Hi guys, I am planning to build a granny flat and was wondering if anybody has any recommendation on granny flat builders/companies. I will go see a company called United Construction Partners at Auburn Mega Home Mall where they have a show room there. I have never built a granny flat...

thanks guys. What does everyone thinks of the API (australian property investment) magazine? is it worth the subscription?

Hi all, Could everyone give some good proven tools on how to stay up to date with latest trends/movements to the property market? I am currently considering whether subscribing to magazines (eg. API-Australian Property Investor seems to be the best one) as that is the only place I can obtain...

Thanks Propertunity! You always have good stuff helping out everyone! Much appreciated!

Dear everyone, I am currently renting out rooms in a house to students in NSW. Does anyone know what are the council/government regulations in setting up a legal student accomodation/boarding house? There are six people in six bedrooms in my case with two bathrooms in the house. Thanks in...