Hi guys, I’ve got a huge area at the back of my property and I thought “why not put it to use?” I could certainly make money off it if I build a granny flat in it right? I could have it rented out afterwards! Anyway, what are requirements for building Granny Flats? Are the laws for building granny flats different from state to state in Australia? I live in Perth and I’d like to know if laws concerning granny flats here apply to those in Sydney too. Would it be advisable to purchase ready mate flats or work with a home builder for this?

 I’d say that is a fairly reasonable amount to pay for a flat of that size. You might want to add another $10k for water and electricity connections though.

 $80k for a 2 bedroom flat, I think you’ve got yourself a good deal already. You can get a cheaper price if you have a smaller flat built. The rest of the expenses would be used for furnishings and water and electricity connections.

 That’s not a bad price for a two bedroom unit already. I know some builders that charge the same price for a one bedroom flat only! Consider yourself lucky.

 If it’s for a pre-made granny flat, I think the price would be too much but for one with a concrete slab, then I think the price is fairly reasonable.

 That’s a good price for a 2 bedroom flat; don’t think too much about it.