Help Guide: Renting Out A Granny Flat
History has a habit of repeating itself… there was once a a time when having a granny flat and renting it out was a standard Australian tradition. Over time, they gradually became out of fashion, however what once was old is new again and they’ve made a triumphant return in recent years. The NSW government in particular is encouraging homeowners to build and rent out granny flats and savvy homeowners are more than happy to oblige! If you are considering adding a granny flat to your property as an investment and renting it out, there are a few tips we’ve gathered to help with the process.
Granny Flat Incentives
- A complying granny flat may be approved by council or accredited certifier within 20 days (for more information on what complies see this article)
- Permission to build granny flats in all residential areas in complying blocks of landing with a minimum 450m2
- Provision of clear, easy to understand standards of granny flat construction.
Granny Flat Restrictions
- A granny flat may be included in a new home design or added to an existing dwelling.
- It can be an integrated part of your house (e.g. a home with attached granny flat), but must be a self-contained dwelling with separate entrance, bathroom and kitchen facilities.
- Only one house and one granny flat are permitted on a property.
- The granny flat may not exceed 60m2 in size or the size prescribed by your local council
- The granny flat must comply
At Acrow Investments, we love it when a plan comes together, so we’re thrilled to announce the success of one of our latest projects: a sun-filled granny flat in the suburb of Sunshine. How is that for an appropriate name? Even better is the broader setting of Lake Macquarie, one of NSW’s most promising lifestyle and real estate investment centres.
At Acrow Investments, we’re proud to unveil one of our latest projects: a super-modern granny flat in Blackwall, on the NSW Central Coast – all designed and executed with a contemporary flair. Located in close proximity to the gentle and photogenic Brisbane Water, this property already had a lot going for it. So, what better way to make a good thing better than expanding its potential with a stunning and new granny flat?
A duplex is essentially two homes built on the same block of land and which share a common central wall, also known as a dual occupancy. These homes can either share one land title and owner, or can be subdivided into separate titles so they can be owned and sold separately.