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H2 is probably the best because its treated for termites where as oregan and normal pine isn't. If you can afford it do brick veneer but if you are on a budget just do blueboard

You are only building in Australia so a brick veneer or timber frame and clad home will be sufficient.

I agree with nek. Vinyl cladding looks cheap and is out dated. I personally wouldn't use it because I don't like it, that's just my 2 cents

If done properly it should last atleast 25 yrs. no maintenance required unless a crack arises which is an easy fix. Cracks happen in every construction product, concrete cracks, brickwork cracks, paint cracks, gyprock cracks etc. personally I would go with the blueboard. Quickest and cheapest

I live in Sydney and my neighbours have a double storey blue board house and they don't have a problem with temperature in summer or winter. In regards to insulation you can use bradfords, earth wool, pink batts. They are all good. Use the ones with rating of 1.5-2. If you end up doing blueboard...

I am a builder by trade and I recommend if its for an investment you don't need to spend a fortune on a granny flat. The less you spend the more you make so what I would do is either one of the following options in order from least expensive to most expensive. 1/ timber frame with external wall...