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Am in Vic which is why I never considered it, having had a neighbor house his gran years ago he mentioned even doing that was a nightmare and she was elderly family.
AM interested to continue the granny flat investigation however I wonder how an agent would find two tenants to fill the house and flat…or is that even something they would consider? How to split utility bills etc – could get messy but I am sure it is done and is not the end of the world.
Back to the original post – re the principle not budging, what do others do in this situation?
Tommytucker, I believe 'granny flat law' exists to ensure that a temporary dwelling is established only for an elderly/ in need of support family member.
I would love to be wrong on this. Where could I find out more info on the rules for granny flats in my area? Local council?
Also are there any special conditions that apply to the sale of a property with a granny flat?
Thx wilko – PM sent and toally agree about the own due diligence (was pointing out that I have made that mistake and learnt from it).
Good thinking jimchap re landscaping.
What are the next steps from here? Do I engage a planner and submit to council…or?
First timer obviously so please start from the top. Many thanks in advance.
To my knowledge you will have to be pretty creative in how you apply for the granny flat permit if it is not for your real granny.
If putting in tenants, you may need to consider shared services – power, water etc.
I believe the permits expire (i.e. when granny goes, so does the dwelling). But you probably know this.
With option 1 you need to find out if you are subject to CGT (how long have you lived there?)
Option 2 to my (limited) knowledge would mean you will end up paying more CGT.
Good luck, keen to ehar how you go.
HI there, I am no expert but wanted to share an experience where I got caught out by not doing all of the due diligence.
Long story short I was told by a number of sources that a property that I purchased (900sqm) that it cocould fit in a unit at the rear. All made sense and I purchased the place. To my disappointment (i.e. stupidity) I only learnt that the driveway for the new dwelling would require the car to turn around (not allowed to drive in and reverse out). Obvious now, yes. Rookie mistake, yes.
I'd suggest calling a local planner in the area for a chat before buying. Good luck.
I'd be interested to hear how a buyer can cover all due diligence in such a pre-purchase analysis without actually having plans drawn up etc.
Following this with interest as I have had a couple of meetings with PnP and feel that their returns and process seems too good to be true. Returns of $100k+ net after all expenses, it just doesn't make sense to me – yes I am skeptical about dropping $25k with such promises. The 3 hour sales pitch left more questions than answers.
Sash – very keen to how your PnP experience has gone and would you use them again, or have you learnt enough along the way to engage some professionals and manage the process yourself?
HI Tim,
Well done and thanks for sharing. By the sounds of it, your strategy has been topping up your PPOR as your primary goal right?
No doubt you have quite a bit of equity in this place. Why not get another property to increase your cash flow?
Best of luck mate.
Not to hijack your sale, but to accomodate to those also interested and miss your item, I too have an unused brand new pack which I would be happy to let go for the same price of $350. Send me a PM if interested or email adamzem AT gmail dot com
