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1. I would not advise anyone to do this, in fact I have talked many people out of it. 2. All my new granny flats are nothing like this. There is a lot of history behind it, and the only benefit was I learnt a whole lot as NO body would touch it and they told me it was next to impossible. 3...

Plans.....

Depends what you build. Everything rents for the right price. There will be an oversupply of those Property Secret granny flats. Steel sheds pushed up against the boundary of the main residence with little privacy/no backyard. There are not that many of the good quality builds out there. IMO...

Thanks guys. Though wouldn't do it again. Haha. Building 2 more granny flats. Skater if you're keen maybe we can get a bulk discount doing a whole lot at once.

Yeah 5.5%.

So... First open had 15 people show up. 3 applications in within the day. Renting $260/week as of next week. Agent reckons it could have gone $270/week.

NICE! I've seen some great shipping container designs in the past. I have a deck. It didn't count. It has to be fixed onto a slab of some sort. There were a few other methods but it all had to do with the foundation.

Half the cost was in the drainage/electrical/council approvals. Other than council approvals, the rest is mostly recoverable. Will depend on the council on wether you can make this happen.

Same as sepp or da really. I did this one retrospectively, so just had to find solutions for all the items that came up. Building itself required reinforcement in the floor, got a little creative there amongst other things.

Pretty much, also personal pride on what you're constructing, resale value, ease of rent etc. Loosing capital for cashflow really doesn't work for me, not at my age anyways.

Found the right people. A NICE 2 bedroom granny flat, at best would get $300/week. I am building one of those and with a bit of creativity am hoping to hit $300. The total costs will be ~$80-90k. Will make capital but cashflow will be less. That is more worth it IMO, and the third will...

Answered in blue.

Working on my next one next month, plans already approved, ready to break ground. Total costs will be <$345k for $620/week (site had $80k + capital growth in 1 year so far with no work done). A third site will be completed hopefully by end of this financial year.

I don't quite get the question. If it is what I think you're asking. No change in valuation. I've had it valued by 2 banks. It is a rental. Total expenses were $390k (all inclusive), rent ~$630/week. I paid too much for house in the front (bought this through a BA as most people know) and...

And last of the final pictures. Can't see the lawn, but it is 'landscaped'. The land sloped backwards, to avoid buying an easement I found an engineer who convinced council to let me do a detention basin as per their legislation. Cost me <$3500 to build that drainage system incl. plumber...

As requested. Did this in Penrith Council under Section 64 (Manufactured Building) Two demountables, did a lot of the labour work myself. I would never do this again but it was a good experiment, learnt a lot. Cost: ~$60,000 ALL inclusive (eg. council fees, engineering, architecture...