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  • Profile photo of neilharrison_253neilharrison_253
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    @neilharrison_253
    Join Date: 2013
    Post Count: 33
    January 31, 2013 - 11:13 pm

    Hi Rick, i am aware of that. The only thing i could do in that instant would be to jack up the house a bit and re stump to ensure legal height achieved. Returns would need to be there as suspect cost would be high for a project such as that

    Profile photo of neilharrison_253neilharrison_253
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    @neilharrison_253
    Join Date: 2013
    Post Count: 33
    January 31, 2013 - 11:04 pm

    Thanks, having spoken with my wife we may now tackle this another way. Buy our PPOR on an interest only with offset account. Pay into offset as much as we can and then draw down on some of that in the next year or two to purchase a house and sublet all rooms out instead. This may be a better way to structure it so as to avoid any issues down the line..

    Profile photo of neilharrison_253neilharrison_253
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    @neilharrison_253
    Join Date: 2013
    Post Count: 33
    January 25, 2013 - 11:02 am

    Hi

    Thanks very much for the quick response. I am based on Sunshine Coast so will need to investigate further. Had hoped that with extra rooms being under same roof it may make the process easier as am aware Granny Flats seem to be frowned upon. Why fails me given the tight housing market!!

    Regards

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