granny flat on prop/prime residence

Hi All,

I have just moved into our home Blacktown and had few questions to put granny flat in our home for extra income.

I understand that if I put a Granny flat, rent it out, if and when I sell the home I would have to pay CG on floor ratio calculations.

1) I have 100k in my offset account, whats the best way to finance this. use my offset account money or take another loan out?

will I need to let my lender know what I plan to do…

2) also the 2 bed granny flat would def rent for 300 pw as very close to station, shopping, hospital..used diff ROI calculators and my mind says this would be good as it would give more income for us to eventually convert home and granny flat both for renting in future.

what would be your advice or should i just not bother with GF in our home.

dont see this home as Prop for lifelong and will perhaps move from here in future anyway…??

investhut