Granny flat BOOM posted on the 27th October 2015

Want to see what Ipswich & Logan Granny Flats, your granny flat experts, market leaders & largest suppliers of Granny Flats in SE Qld are doing – checkout our story in the video below in this Channel 9 News feature…

Channel 9 News, 6pm
Sunday, 11 October 2015

Granny Flat BOOM

As property prices continue to soar savvy investors and home owners are finding new ways to make massive returns.  The trend of the humble granny flat is booming and new laws are making it easier than ever for families to cash in on their own back yard.

While Robert Davey (a Vision Property Group Qld/Ipswich Granny Flat client) kicks back in his newly built granny flat meters away his house is paying down his mortgage.

You’ve got someone else to help you contribute towards the costs.

His back yard addition in Ipswich is just one of the slick new granny flats (Ipswich Granny Flats) popping up across the South East.

10 McGill St, Basin Pocket - PreGF-1

Some of the outer suburbs there is increasing demands for the properties with their granny flat.

They come with modern bathrooms, even built in laundries and with a moderate outlay of around $120,000.00 can reap big returns if you rent them out.

Rob Davey : ‘That I’ve made it very liveable, it’s a good size, I’ve pretty much got everything I want in it.’

It’s a trend not just in Ipswich but across the South East with 150 applications in Brisbane and 60 on the Gold Coast last financial year – now some councils are making it easier to cash in.

Logan recently changed their planning to allow granny flats to be rented out, something Ipswich did years ago but in Brisbane granny flats can only be built for family members to occupy.

Granny flats are very popular with parents who might have teenage children who are looking for their own personal space.  (See case studies: studies)

On the Gold Coast the council has made it easier for families to live together on the same block.

10 McGill St, Basin Pocket-44

The best thing about that is that the infrastructure costs to that is waived, that’s a saving of $20,000.00.

If you’re thinking of adding a granny flat there are some simple things you should remember.  Make sure there is a separate entrance to the residence and consider adding a covered outdoor entertaining area.

You don’t have to build new, modifying an existing space can also be worth your while.

In the longer terms granny flats will add value but it’s important to look at the location of the property and whether or not there is demand in that location.

Claire Hunter, 9 news

Written by Sonia Woolley

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