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I am working out if building a 2 bed unit about 100m2 in my backyard is a good overall investment. Considering the front unit would drop in value is this project worth pursuing. Has anyone done a similar build in the past ? Would you please share your experience how did it go ?
Hi Mj2506,
In my wife’s family, they bought a house (5 bedrooms) in Chadstone (Melbourne) over 10 years ago with a backyard.
After the 3 kids left the house, they divided the backyard and built a 3-bedroom house to sell the first one and live in the second one: they’re now mortgage free and bought a holiday house cash!
Hope this help,
Viewing 2 posts - 1 through 2 (of 2 total)
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