A 60 m² two-bedroom granny flat in Sydney costs about $194,000–$285,000 all-in, built by a builder. That is roughly $3,990 per m², the highest of the capitals, including GST, design, approval, connections and basic landscaping on an easy block.
All-in, built by a builder, on an easy flat block. Includes GST, design, permits, connections and basic landscaping.
| Size | Budget | Standard | Premium |
|---|---|---|---|
| Studio, 30 m² | $107,000– | $119,000– | $140,000– |
| 1 bedroom, 45 m² | $141,000– | $157,000– | $188,000– |
| 2 bedrooms, 60 m² | $173,000– | $194,000– | $232,000– |
| 3 bedrooms, 70 m² (needs a permit or DA) | $194,000– | $217,000– | $261,000– |
The block matters more than the design. Add these on top of the table:
| Site issue | Adds about |
|---|---|
| Sloping block, more than about 1 m fall | $10,000–$35,000 |
| Sewer uphill or far away (pump needed) | $8,000–$16,000 |
| Tight side access (crane or hand work) | $5,000–$11,000 |
| Old shed or garage to remove | $4,000–$14,000 |
| Reactive clay soil (deeper footings) | $12,000–$25,000 |
| Second bathroom | $18,000–$28,000 |
About $194,000–$285,000 all-in for a standard finish on an easy block, or about $3,990 per m².
A studio of about 30 m² with a budget finish starts around $107,000 all-in. Advertised prices under $150,000 usually leave out approval, connections and site works.
450 m² for fast-track approval through a Complying Development Certificate. Smaller lots can still apply through a council development application.
A Complying Development Certificate is usually around 20 days. A council development application commonly takes 40 to 90 days.
Mostly labour, plus rock excavation on sandstone blocks and longer sewer and stormwater runs. The same 60 m² design typically costs $30,000 to $50,000 more in Sydney.
Put this price and your expected rent into the rent and ROI calculator to see the yield and payback time.
Prices are all-in estimates including GST, from our cost calculator, which is built on 2026 builder price lists and cost guides. Checked 25 October 2026. Get at least two quotes after a site visit.