Must-Know Facts About Granny Flats In Australia

Granny flat is the small house, usually no more than 60 square metres built adjacent to the main living quarters of a house. In some countries, this small house is also referred to as in-law apartment or accessory apartment.

Purpose
Did you know that granny flats are originally meant for grannies? This secondary dwelling is constructed for elderly members of the family so they can live independently but near enough for the supervision of relatives. These days, these small houses are used for different purposes. As a form of rental property, it enables property owner to earn additional monthly income.

Construction
In Australia, granny flats can only be constructed on Residential Zone properties. Your entire property block must be at least 450 square metres.  On it, you are allowed to build only one granny flat with a maximum size of 60 square metres of living space.

If you are interested in converting the extra space of your property into a granny flat, know that the construction requires approval from authorities. Construction should be carried out according to code. Typically the process starts with the assessment of your property.

Price
When it comes to price, granny flat estimates range between $10,000 and as much as $120,000. If you want flats with an average area of 60 square metres, opt for the mid-range price of $70,000.

Hot Spots
In the next 15 years the population of Sydney is expected to swell by over 2 million people. Singles and retirees take an increasing portion of the population. With this, building a granny flat in Sydney is a sound investment. 

Trivia Info Resource: www.grannyflatengineers.com.au