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I'd go for the house. No body corp. Full control of property.

Ain't that the truth! :D

What search terms are you using? I have never been able to seach specifically for granny flats. I usually spend hours looking for that kind of info.

Cat, I think you will find that neither Propertunity nor Piston were advocating new properties (my appologies guys if you were). There are plenty of properties around with good returns for much less $$ than you were thinking. Heck, you might even be able to get 2.:D

I would agree with all that Propertunity posted. :D