One of the most rewarding reasons for having a second home in your backyard is the income it can provide.
When you already have the land, adding a granny flat to your existing property is so much more affordable than buying a separate investment property. In many cases, there are no additional Council infrastructure charges.*
This saves you thousands, dramatically reducing your overall costs, providing you with a positive cash flow rental income. Extra cash for you to improve your family’s lifestyle, all thanks to a granny flat.
When planning how to maximise your return first consider who the occupiers will be and the size and style that will suit their needs. Then you’ll be able to attract the best people to your property; those who want to live and be happy in their living environment.
*We are not experts with the requirements of all Councils. We advise you to check with your local Council for any requirements/prerequisites they may have prior to making a decision to rent out your Shack.
GREAT RENTAL OPPORTUNITIES
- Student accommodation
- Office rental
- Shared accommodation with friends