The Investor’s Guide To Granny Flats
Fancy adding an extra $10,000 to your bank account each year?
An Acrow Investment’s granny flat can provide an excellent return on investment in the area of 10 – 20%. Savvy investors will realise that there is the opportunity to earn big bucks in providing affordable housing in this market with granny flats. Acrow’s granny flats are being rented out often for above market value due to the superior quality of build, excellent design and premium inclusions as standard.
The Daily Telegraph’s most recent article on granny flats shows that there is continued interest in these developments, including the increased interest in dual occupancies, or rather a home with granny flat built in concurrence. The benefits of building both home and granny flat at the same time include a massive reduction in (e.g. a bricklayer’s labour and material costs for a single home will be less competitive than that of a larger dual occupancy project)
“A granny flat built with bricks, tiled roof, timber frames on a slab can cost about $80,000 when built at the same time as a main house.”
Even if you are adding a granny flat to an existing property, it is certainly worth the investment. A simple calculation to work out your your ROI on your positively geared property is as followed:
The rental market in Saratoga, on the NSW Central Coast, is surging. And recently our team was called on to help a local property owner take advantage through further increasing the rental returns on their existing investment property. How? With an uncommonly spacious prestige granny flat.
When you have extra space on the block of an existing investment property, the opportunity is clear: look at getting a granny flat! That’s just what happened when the owner of this property...
The Treasury has announced a capital gains exemption on granny flats this month, a decision which will bring welcome relief to many families looking to build a granny flat. So, what does this...