I made the plunge to build one very recently after watching your last granny flat video a year or two ago. Thank you for sparking that fire in me in pursuing it. The yield will be 18%.
Great video, Luke. For those considering adding flats, remember that plumbing and electric costs are highly variable, and the prices Luke is quoting are for easy sewer, electrical, and stormwater access to already close to where you are placing the flat. Often the plumbing/sewer/electric will have to be dug and placed from one area of your lot to where you want the granny flat. You should be budgeting at least another 10 - 60k if you need to do this on top of whatever the builder charges you for the basic structure. This is a surprise cost, a common cost blow out, that people building rarely factor in, and some builders may not tell you about it until later.
Great video mate, it was exactly what I needed to hear at this moment. Would love your thoughts on doing 2nd level extensions to possibly rent out a top and bottom of a house too. Another add on for your stacker strategy hahaha. Could it be possible to have a bottom level be rented out, a top level being rented out and a granny flat? Thanks mate
I made the plunge to build one very recently after watching your last granny flat video a year or two ago. Thank you for sparking that fire in me in pursuing it. The yield will be 18%.
That's so great to hear! Congratulations on your hard work paying off 🔥
Great video, Luke. For those considering adding flats, remember that plumbing and electric costs are highly variable, and the prices Luke is quoting are for easy sewer, electrical, and stormwater access to already close to where you are placing the flat. Often the plumbing/sewer/electric will have to be dug and placed from one area of your lot to where you want the granny flat. You should be budgeting at least another 10 - 60k if you need to do this on top of whatever the builder charges you for the basic structure. This is a surprise cost, a common cost blow out, that people building rarely factor in, and some builders may not tell you about it until later.
Maybe so much more.
Great content Luke, thanks for the information
thanks mate! Hope all is well
Hi I need advice on building granny flat for my retirement cash flow . And looking for builders to build the same in Blacks Beach Mackay, QLD
Great video mate, it was exactly what I needed to hear at this moment.
Would love your thoughts on doing 2nd level extensions to possibly rent out a top and bottom of a house too. Another add on for your stacker strategy hahaha. Could it be possible to have a bottom level be rented out, a top level being rented out and a granny flat? Thanks mate
exactly my thoughts thripple income
Great information.
I am considering this strategy from a home in Crestmead Qld. Do you have a granny flat builder that you could recommend ?
Please share granny flat builder thanks
Good information
What's the average cost of a GF in Brisbane?
200k?
They can’t change the rules, the housing situation will be worse come 2025.
Eyebrows？
Winning strategy to banks
A competent builder shouldn't take more than 3 months.
It’s not about competency, it’s about getting trades in on time and not running into issues