You can now rent out a granny flat in Queensland thanks to changes to state laws.
Previously, most Local Councils only allowed granny flats (or secondary dwellings) to be built for family members or loved ones.
But in the wake of the housing crisis, QLD Government have now overhauled the laws to allow granny flats to be legally rented to anyone.
It means good news for Queensland property owners and renters alike…
Here are the three major benefits thanks to the law change, and how you can take advantage of it:
Homeowners Can Create New Revenue Streams
One of the best ways to achieve financial freedom is to create new streams of income.
By creating a secondary dwelling to rent out, not only does it pay for itself, but it increases the value of your property.
While some Queensland homeowners were already doing this, they may have been doing so illegally before the law change.
Of course, the best way to maximise rental income is to design a high-end granny flat that feels more like a luxury small home than a prefabricated demountable.
Chief designer Mel Miller was interview by 7NEWS about the new laws – watch the news story below.
Struggling Renters Supported With Influx Of New Accommodation
It’s no secret how difficult it’s become to find a rental in Queensland in recent years.
Many spend months applying for tenancy due to extremely low supply. We’ve heard stories of people being forced to return to live with family or live in their cars.
These law changes are a common sense move to address the housing crisis – incentivising property owners to create new accomodation in their backyards.
Furthermore, granny flats could also be the answer to skyrocketing rental costs, with many struggling to make ends meet.
By helping yourself you are also helping a fellow Queenslander.
Property Values Spike For Those With Existing Granny Flats
The law change is also fantastic news for those with secondary dwellings already on their blocks.
Whether they built them for family or themselves, property owners have now gained an additional use for their pre-existing granny flats.
Once loved ones eventually move out, these dwellings can be legally leased – meaning you could be a step closer to early retirement.
In addition, this means the value of your property has just risen considerably.
Financially minded buyers will see the potential and offer large sums to snap up properties that potentially pay for themselves.
How Do I Take Advantage Of The New Laws?
Now is the perfect time to start designing a contemporary luxury granny flat to help you achieve financial freedom.
There are cheap granny flat alternatives on the market, like factory-built or shipping container homes. However, these are not always the best way to maximise property value.
Renters are still looking for a healthy quality of living – something that only be achieved with thoughtful home design.
We suggest designing a bespoke luxury granny flat that will stand the test of time and complement your existing home. A granny flat with modern interiors and passive solar sustainability – perfectly designed to fit your property.
A granny flat that anyone would be proud to live in and invite their friends to.
Talk to our team about how you can take advantage of the laws allowing you to rent out a granny flat in Queensland.
Let’s Get Started
Funky Little Shack provides personalised granny flat designs tailored to your wants, needs and property.
Our designs make the most of your available space – destroying the stereotype of the “ugly granny flat”.
We hope to hear from you soon.
Funky Little Shack founder Mel Miller was interview by 7NEWS regarding these law changes – you can watch that news story here.