morgstarParticipant@morgstarJoin Date: 2010Post Count: 15
I am looking at buying a IP in the area and bolster the yield by adding a granny flat, has anyone done such a thing with the council in Orange i would love to hear from you.
ThanksthecrestParticipant@thecrestJoin Date: 2004Post Count: 992sam2011Member@sam2011Join Date: 2010Post Count: 123
wow i cant believe i just saw your post. I have an ip in orange and was thinking about granny flats last week. I havent started my research into it yet, but have a friend who is partnering up to build granny flats…not sure what the rental income would be though. any ideas?BrazenParticipant@brazenJoin Date: 2010Post Count: 47
I arranged the approval for the local NSW Housing manager in Orange last year. He built a 2-storey granny flat with a local builder. If you contact me i can give you his number- I'm sure he can give you some valuable insights into choosing a local builder as well.
I think with Cadia Gold Mine and other mining works in the areas towards Wellington, rental incomes are quite strong in Orange.
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