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Yes, your PM is insane - get a new one :p Water meters - OK you can put in a flow meter to the granny flat and work out the charges - but the PM has to read the meter every Qtr. Cost = not very much (a couple of hundred $'s perhaps for the plumber and the flow meter). Electricity meter -...

Yes, absolutely......but that has been happening for the last 15+ years now since I lived there in 1996 when Kellyville / Rouse Hill all started to become really developed.

Or some compromise between both. Even if you are in the 50c in the $1 tax bracket, you have to 'lose' $1 to get back 50c in tax - which is fine if you are experiencing CG as compensation, as you say. You are forgetting that long term, every property will become cash flow +ve due to rental...

A few of mine have gone cf+ but this is after holding them for some time and seeing rent rises consistently over a period of many years. Why do you think investors are so into building granny flats in their IPs at present? It can tip a cf- IP into cf+ within a few weeks. ;) This is going to...