If your home or investment property meets the requirements of the current legislation, you may be able to add a granny flat at the rear of the existing dwelling.
Secondary dwellings or granny flats are used for a myriad of reasons, a parent’s or teenager’s retreat, a residence for elderly relatives, a home office or for the most common purpose, to maximise the income of an existing investment property.
There is also the potential for immediate capital growth when constructing a granny flat for dual income purposes. A dual income investment will often lead to a negatively geared property becoming cash flow positive.
When considering which granny flat meets your specific and desired criteria, it is extremely important not to adopt a one size fits all approach. My Property Wealth has access to a vast range of turn-key designs and sizes which options to suit any style and budget.
Our dedicated team will manage the entire project from start to finish, including but not limited to, design concept and drafting, council approvals, site preparations, construction and even the leasing out of the completed dwelling.