Surge in granny flats as borrowers seek mortgage-busting income
Granny flats unquestionably contribute to much needed urban infill that helps address the housing crisis but for most home owners these dwellings are a case of 'show me the money'.
Many different block sizes and shapes are suitable for a granny flat. (Image source: Shutterstock.com)
In recent years, the humble granny flat has undergone a transformation from a mere accessory to a principal feature with lucrative income-generating potential.
Amid escalating interest rates and the daunting challenge of meeting mortgage payments, home owners are increasingly exploring the idea of investing in granny flats as a strategic addition or upgrade to their properties.
Notably, this avenue presents a viable alternative for those who la…
