Granny Flat
Can’t subdivide your property? Why not create Dual Income by adding a Granny Flat.
Yes ! We receive such enquiries almost every day under the current economic environment and challenges in the construction section in Victoria.
In Melbourne, adding a granny flat or a secondary small dwelling could serve as an excellent method to create dual income through rental yields.
Recent changes in regulations have simplified the process of renting out such accommodation facilities, even to individuals who are not family members in urban regions.
If your property cannot be subdivided, why not explore this avenue which may
✓ Greatly enhance your income
✓ Help in offsetting mortgage payments
✓ Delivering a worthwhile investment return
✓ Increase property value
✓ Flexibility of accommodation for family members and or visitors
However, there are many factors you need to consider including but not limited to Zoning, Permits, Size, Space, Council requirements, Separate Service Meters, Building cost etc.
Call us now on 1300 767 893 to start planning your future today!