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I guess most people who responded are simple investors (including myself) who look at 'Value for money' in any action. That could be why we have no more to add much. Where as WM may look at it with 'marketing' point of view which suits you better.

A Granny flat on an IP and our own house. Love to get into small developments but don't have enough knowledge. Yep. Didn't look at how it would affect the upstairs. You can also make an L shape stair case to shorten the length of it. Landing area at the corner of L is always useful when you...

No problems... I'm interested in knowing about smaller developments.

Is it allowed to have the kitchen against the common wall? I thought there might be fire safety issues may kick in. It is hard to avoid in a narrower designs. May be.. but would the council protest if changes are only internal?

I simply swapped the garage & moved stairs to the front. I went a bit overboard and made the living as extra bedroom + relocated the laundry and added a shower :)

I can see belvoir's point. The whole entry area is a bit wasted walking space. I would rather have that area as under cover parking area and move up the entry door.

It sounds like you are not aware of the GF thingy even though you are in NSW :p Here is summary. 60 sqm. 10 days approval. 1-2 months build time. Still one title - one set of council & water rates. Separate tenants. Separate electricity. Separate bins and postbox. One water bill. Two...

I'm a safe player. So it is 80% LVR. GF is mainly for the cash flow. You go negative in terms of equity. As an example, total value is goes up by about 70K on a 100K GF build. Whereas, duplex can in fact increase your equity position.

It is great for medium term as it gives good cashflow. Costed 112K to build. Renting out for $365 pw. Main house was reduced from $540 to $520 pw. I would still prefer a duplex if I have 20-30 years view. I'm planing to keep it this way until this area is re-zoned for townhouse development.

Parramatta is about 25 km from the Sydney CBD. Nice work there! It is not something everyone is comfortable doing. What? It is about 5 kms from Parramatta. I used to cycle there. 5+5 Kms was my limit :mad: What is TDC? From memory, I think I was working on 550K per unit at that stage. I...

Good luck LeoT. Please keep this thread updated frequently. When did you buy this property? 624K doesn't get you far these days. Especially if you are sitting on a parcel where each unit can go for more than 800K! I did similar sums for a 720 sqm house in Pendle Hill 3 years ago. I...