Sometimes they can be rented in a multi family situation, however there’s a a large demographic of potential tenants. Including elderly, young couples, FIFO workers, couples with no kids, singles etc
Not a huge fan of granny flats. Never understood using at least $60k deposit to cut land in half, whereas that deposit can buy a whole other asset diversifying risk and higher chance of capital growth.
Thanks for your thoughts Matt. Different strategies suit different people. Some people would rather a cash flow focussed asset and aren’t in a position to hold a negatively geared home. A deposit for a granny flat is typically much smaller than a deposit for a house
No probs, always good to have both sides of the coin. Definitely depends what is purchased for a stand alone asset. For example I can easily find a property for the same deposit and have it positively geared from day one. They are definitely out there.
@@pumpedonproperty Brother, Do we need council approval to build a Granny Flat in Carina suburb in Brisbane? Any idea how much money will be needed to build a 2 bed 2 bath 1 kitchen granny flat
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Just building a granny flat at the moment on one of my investment properties in Sydney....looking forward to the extra cash flow coming in once built
Love it, hope it all goes well for you!
Our 2 bed granny flat is renting for $480 on the Central Coast. 9km from the beach.
Great vid as always boys.
That’s epic Bain! Good stuff and thanks for the kind words!
How much it cost to build the 2 bed granny flat and how much is the area?
Thanks
A lot of great info guys. Thanks
Thank you 😊
So spend up to a million bucks to make fifteen grand a year? How much is insurance for rental granny flat?
The yearly cashflow is one of the upsides, mainly helping people hold the property for the long term so they can reap the rewards of compound growth
Can we rent out granny flat in QLD, thought we can not. Is it only for family member??
There are a couple council areas that currently allow it
There was a news article on it I swear the government is allowing it they will be re looking at it in again in the future
Renting to grandparents or parents? I thought people build these for their elders to live in.
Sometimes they can be rented in a multi family situation, however there’s a a large demographic of potential tenants. Including elderly, young couples, FIFO workers, couples with no kids, singles etc
Not a huge fan of granny flats. Never understood using at least $60k deposit to cut land in half, whereas that deposit can buy a whole other asset diversifying risk and higher chance of capital growth.
I agree
Thanks for your thoughts Matt. Different strategies suit different people. Some people would rather a cash flow focussed asset and aren’t in a position to hold a negatively geared home. A deposit for a granny flat is typically much smaller than a deposit for a house
No probs, always good to have both sides of the coin. Definitely depends what is purchased for a stand alone asset. For example I can easily find a property for the same deposit and have it positively geared from day one. They are definitely out there.
@@pumpedonproperty
Brother,
Do we need council approval to build a Granny Flat in Carina suburb in Brisbane?
Any idea how much money will be needed to build a 2 bed 2 bath 1 kitchen granny flat