High yield. Low cost. No stamp duty, no land fees. It ’ s the power of granny flats ( and how investors are making a mint ) .
Create massive ROI power with one simple addition: a high – demand granny flat on your own land Or investment property. If you’ve got a little space, you’re sitting on a goldmine that could generate a whopping $5 00 a week!
4 easy steps to a money-making, life-changing granny flat
12-16 weeks build time
1 renter-ready granny flat
No land cost, rates, stamp duty
Approx $26,000 income
In what universe can you build a move-in ready home for so little and earn that much rent?
In what universe can you build a move-in ready home for so little and earn that much rent?
We’re in a whole new era. The demand for affordable rental properties on the Gold Coast and Logan prompted the government to make granny flats legal for lease just weeks ago.
This new move has opened the doors for enormous residual income potential – but only if you’re ready to see whether that potential can be yours, too!
Investment properties vs granny flats: which one is better?
If you’re looking at earning rental income or you already own an investment property, you probably know how traditional investment properties work:
- Research the suburb’s historical and projected rental income, demographics and amenities for growth factors.
- Search listings and inspect properties.
- Submit offers, negotiate and sign a contract.
- Pay hundreds of thousands of dollars (or $1million+) for the house and land, plus stamp duty and rates.
- Build in 6 to 9 months (if you’re lucky right now!).
- Renters move in.
- Pay off the home in 30 years.
Here’s how granny flats work:
- We’ll measure your land for free (you need less than you think).
- You choose from our popular investor range of granny flats or customise your own.
- Pay only the cost of the build – no stamp duty, land or extra rates.
- We’ll take care of the build from start to finish.
- In around 16 weeks you’ll have a move-in ready, beautiful additional home, ready for renters and rental income!
- Pay off the granny flat in 4 to 5 years. Yes, just a few years.
Granny flats are so easy to add to a home you already own, but make enormous returns. There’s no need for extensive research because it’s a small outlay on an existing residential property.
The popularity of granny flats recently has been unbelievable because they provide affordability, low maintenance and guaranteed nice neighbours!
Plus, they automatically add value to your home because it offers instant rental income to the next buyer. It’s a brilliant capital growth booster!
This could be your ticket to early retirement.
Did we mention the average rental income for a modern granny flat on the Gold Coast is around $500?
That’s potentially $26,000 per year in your pocket with very low ongoing expenses.
What could you do with $26,000+ residual income per year? Once your granny flat has paid itself off, you could:
- Pay off your mortgage faster
- Grow your retirement fund
- Pay off debt
- Help your kids with a home deposit
- Bankroll another investment property or granny flat
- Build a fun-fund
- Retire early!
So, what’s stopped you from adding a granny flat?
Maybe you thought granny flats were for acreage properties, or they were a basic garage conversion.
But in fact, granny flats are now incredibly popular for properties of all shapes, sizes and locations.
Granny flats start from comfortable 30m2 studios to spacious 3-bedroom homes fit for families. They can fit all budgets, purposes and styles of homes, from contemporary to colonial.
It’s 100% free to have one of our team visit your property and give you on-the-spot advice about what kind of granny flat would work for you.
And, we’re completely transparent about prices and inclusions. You’ll get all the information upfront with no hidden surprises, so you can decide if it’s the right step for you.
FAQs
What size land do I need?
The minimum space required for a secondary dwelling is 30m2. We can visit your property to measure your land and work out the best-fitting granny flat, all free of charge with no obligation to go ahead.
What kind of granny flats do you build?
You can choose from a studio-style space up to 3 bedrooms. Our designs are modern, spacious and comfortable, and custom-designed to maximise rental returns. We’ll be able to work that the best size and layout for you when we do a free site measurement.
How much does a granny flat cost?
We offer some of the best prices in South East Queensland but we never skimp on quality. We don’t believe in hidden costs and fees; the price you get from us includes everything, and we can incorporate extras that others don’t such as landscaping, decks and driveways.
Like any home build, the final price depends on size and inclusions. To give you an idea though, you could be looking at around $90,000 to $125,000.
However, when you compare that to the cost of a new home these days –approximately $300,000 – plus the savings on buying land and all the purchasing fees, settlement fees and so on, it’s a very small sum for the returns!
Why can’t I just get a DIY granny flat?
People think DIY is better because it’s cheaper, but DIY kits focus only on the building materials. You’ll also need to have it assembled, run power and plumbing, pay for and pass inspections, add landscaping, fencing and concreting – the list goes on and on.
All told, the final price between DIY and custom-built is very small; it’s just that you did all the work instead of letting professionals take care of it for you! A DIY kit won’t include any kind of builder’s warranty either.
What inclusions do granny flats come with? How do I choose a layout?
Our granny flats are move-in ready, right down the letterbox! We 100% pride ourselves on creating little homes that are as beautiful to live in as they are to look at.
You can choose from our investor range, which is a series of home designs that have been proven to be renter-favourites. The decision-making process is very easy and we have a team of design experts to help you along the way. We’re also more than happy to customise a home for you.
The granny flats we build come with builder’s warranty and 6-star energy ratings, as well as our own guarantee of first-class quality.
How do I start?
Just contact us to get the ball rolling. We’ll visit your property to do a free measure and quote, and from there you can choose your favourite granny flat design and the fittings and fixtures. Our design team can help you if you need it. You’ll be assigned a team leader who will manage your project, give you updates on the build and complete all the inspections – and hand the keys over when it’s ready for your first tenants.
How much money can I make from a granny flat?
Granny flats aren’t just a nice-to-have anymore. With today’s property boom, they’re recognised as a brilliant strategy to maximise what you already have: land, with a little room to spare.
In fact, granny flats in South East Queensland earn an average of $400-$500 per week. It’s a high-yield investment with a relatively small initial outlay.
Once your granny flat has paid for itself, you’ll be earning hands-off, residual income – forever! That’s a huge boost to your retirement plans, holiday funds, and paying off your mortgage faster.
