As the saying goes, “new year, new me!”
What’s your new year’s resolution? Maybe you’re saving for a new car? Or kickstarting a new workout regime? Or, perhaps it’s time to take the plunge and look into building that granny flat you’ve been wanting for a while. We’ve put together a list of reasons why 2018 is the ideal year to invest in a granny flat.
Millennials are Taking Over
Contrary to popular belief, a granny flat doesn’t have much to do with your ageing parents anymore. Due to Australia’s ongoing property booms, many millennials have been priced out of housing markets, especially in Australian capital cities. According to the CoreLogic Perceptions of Housing Affordability survey, more than two-thirds of young people living at home cannot afford to move out. A granny flat will not only give the kids somewhere to call their own but will also add value to your property in the long run.
For work and play
An at-home office oasis
With freelance jobs on the rise, more and more people can work from home. This is a growing change in Australia’s work culture that looks like it is here to stay. If you’re tired of tapping away on your keyboard from the couch or dining room table, then your own office space may be the answer.
An entertainer’s dream
If you find yourself having family and friends staying throughout the year, be the host that offers the most with a private guest house. A granny flat is an ideal way to give yourself and your guests some space and privacy, especially if they are staying for extended periods of time.
Make it a Destination
More people are jumping on Airbnb in search of a home away from home for their latest travelling adventure, instead of booking traditional hotel accommodation. While a holiday is tempting, with a granny flat you can jump on the site and list your very own place for travellers to stay.
The Ideal Investment
With the popularity of granny flats increasing across Australia, state and city councils have begun to relax the laws on renting secondary dwellings. While this hasn’t been implemented widespread across Queensland, keep an eye out as some areas are eligible to rent out granny flats legally. Looking close to Brisbane, Ipswich is one of the areas that have the green light for renting out granny flats according to the Australian Property Investor.
Does 2018 have a granny flat in store for you? Get in touch with us today to find out everything you need to know!