Granny flats no longer the sole preserve of elderly
API Magazine explores the factors driving investors towards the granny flat market and provides an expert checklist to ensure your building project is a success.
Short-stay websites like AirBnb and Stayz added another option in recent years for investors to produce income from a granny flat. Photo: Shutterstock
Driven by changes in home affordability, welfare, economics and societal attitudes, the once humble granny flat has evolved from a cleaned out garage afterthought into a tastefully designed, income-generating, multipurpose dwelling.
Traditionally designed for ageing parents, granny flats have evolved to cater for a wide range of market segments.
Property investors are finding that granny flats can not only provide a boost to the value of their …
