‘Granny flats’ back in focus for buyers
maintain their own living space.
“In selling a number of particular properties at the beaches recently, I have noticed there is a strong interest in property with separate accommodation opportunities,” she said.
“Whether it is a separate granny flat or a room with its own amenities within the main house, these are seen as a great asset.”
Ms Thomas said separate living spaces were also an opportunity to create an income before “mum and dad moved in”.
“This interest is being driven by buyers wanting to accommodate elderly parents or buyers wanting the ability to gain extra income from boarders or students at the local university and language schools,” she said. “Granny flats are gold; buyers are searching for them and will pay a premium on properties with this option.
“The extra accommodation needs to have separate amenities such as bath, toilet or cooking facilities to get the best return.
“These properties are also a great way for families to help their young teenage or adult children gain some independence without the expense of having to move out of home.”
Separate living areas, a parents’ retreat, dual living and separating bedrooms and living spaces within building designs are increasingly being used by local builders to create more functional homes.
The Australian Bureau of Statistics says young adults are taking longer to move out of the family home because of higher education and affordability challenges.
GREAT ASSET: The granny flat has been making a comeback as families look to live together but still have their own space.