Why Granny Flats are a Growing Trend in Australia

Did you know the demand for housing trends in Australia has averaged to about 164,000 dwellings per year? So, the house owners in Australia are in the lookout for some extra space to build on. An extra flat or studio can be useful for guests and an attractive refuge for teenagers. But, does building a granny flat make sense? Yes, absolutely!

Granny flats are a great choice and are promising to make an additional smaller living unit on the same property. Such flats build by the leading granny flat builders in Sydney play a major role in helping more than just grandparents and serve other purposes like creating an extra recreation space for family, a home office, and for generating additional rental income.

According to a new research,"one-third of homeowners in Australia are considering a granny flat, and another 22 per cent are open to the idea." The research has also found that there has been an"explosion" in granny flat construction, and the average $100,000 cost of building a granny flat is much less than the cost of an apartment.

Why Granny Flats are a Popular Trend?

Over the past couple of years, these tiny dwellings have grown dramatically in popularity because they are considered as a more cost effective alternative to renovation. With high house prices and rent in Australia, homeowners are considering building granny flats by the expert Sydney granny flat builders to provide some level of independence to their teenagers and parents while saving for a home loan.

These granny flats are relatively cheap to construct and can increase the value of your property to nearly 10 per cent. According to property and tax specialists, rental yields of up to 15% can be achieved through the backyard ‘gold-mine’ granny flats. For people who are looking for an effective way to pay off their mortgage, the weekly rent obtained from these dwellings can be enough to cover the repayments. Also, these granny flats can solve the housing shortage problem in already crowded metropolitan and suburban areas. Granny flats make a perfect hobby space or home office to give you a better work opportunities or a compact space carry out your passions without interfering with any house space, such as your art, crafts or woodwork.

If you are willing to build a granny flat, you can use the current equity available on the property, which will add a simple amount onto your current mortgage to finance your new granny flat.

The author of this article is a leading granny flat builder in Sydney specialising in building granny flats and providing a complete"concept to completion" building and construction solution to the residential, commercial and civil sectors. Visit http://amescorp.com.au/ for more information.

AMESCORP Pty Ltd is a second generation family owned business providing a complete “concept to completion” building and construction solution to the residential, commercial and civil sectors.