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neK, your estimate is close. according to recent sales and residex the figure is 555k....which means they valued my brick veneer 2 br granny flat at 85k?? :( having said that i will still do it again. My outlay for GF was 20k but im geting rent 390pw just for the GF.

Couldn't have said it better. And yes 2 RE agents have said it would be at least 700k in current market conditions.. not that i believe them, just an indication

im wondering if the cost of my granny flat cost (100k) is reflected in my current valuation. area is Blacktown 2148 it has 2br house on 920sm land purchased for $400k and settle in 01/01/12 built granny flat 01/06/13 just did a valuation last month with ANZ, its now 640k so is there...

if i had high income then i would be more aggressive in buying and when reach borrow limits, i would then add granny flat. But my strategy is to buy property and add a granny flat for cash flow. im low income so need saftey net for rainy day or rate rises. yes, another reason i opt for...