Hi everybody,

So let me try to get my head around this. I have a property with a house and want to build a granny flat in the back yard, I may be able to this but I cannot then rent out either the granny flat or the house and live in the other myself? Hmm that does not seem to be right, if I do everything right by the book and pay taxes on the rental income why is this a problem?

My property is list a Low Residential and is also considered a small lot, I am only 6 km's out of the C B D in Brisbane  and in a prime location right on the bus way. I have been advised that I would be able to get almost $400 a week rent for my house. It would make things allot more comfortable for my wife and I financially and also add allot of value to our property.

Am I right in understanding that this is the case??