Having a Granny Flat Could Add Value to Your Property By 30%

We have big news for homeowners across Australia as according to combined researches by Archistar & CoreLogic and their report on granny flats, building these flats on your property has the potential to increase their value by about 30% and add another 27% to the homeowners’ rental income. The research revealed that just over half a million homeowners inhabiting the eastern seaboard of Australia have sufficient space on their lands to construct a granny flat. 

Researches by Archistar & CoreLogic

Top suitable areas in Australia

The analyses by the research departments of these two lead to them identifying a total of 583,440 properties in Melbourne, Brisbane and Sydney that met the criterion for accommodating a ‘granny flat’ of at least 60 m². Out of these three, Sydney had the highest number of properties-233,218-that meet the criterion for the construction of a granny flat. Brisbane came next with a total of 204,598 properties, followed by the Melbourne metropolitan area comprising of 145,625 properties.

Custom Granny Flat built in 23 days, NSW Sydney 2019

Cost for homeowners

Expert researchers from CoreLogic believe that the construction of a double bedroom flat would require an investment of $200,000 whereas a single bedroom granny flat would require just $120,000. The availability of Scandinavian design granny flats available from our accredited builders has made the construction of these flats even easier. Ingenious building system allows for quick installation time, saving money on labour for homeowners across Australia.

Granny flat Cyprus, QLD
Tracey’s granny flat Cyprus built in 10 days, QLD Sunshine Coast 2017

Benefits of building granny flats

Tim Lawless, the Head of Research at CoreLogic, is positive that investment in granny flats not only has the potential to help homeowners in benefitting from boosted capital gains (up to a hefty 30 per cent) in the future. Tim believes that these flats can be a source of rental income for them as well.

Granny flats serve renters looking for affordable housing options. And it is important to mention that the demand for reasonable housing is increasing. A granny flat usually tends to be rented out for lesser than the standard rental charges. This way backyard grannys makes it a very affordable housing option.

The properties identified earlier are mostly located in areas that are traditionally expensive & densely populated as well. These characteristics will make a granny flat in any of the popular suburban areas very economical for potential renters and increase demand for granny flats.

Amidst these capital and rental gains, the family benefits of a granny flat cannot be neglected. Such a unit can be used to accommodate overseas family members residing in your house. Adult children will enjoy a temporary place to stay.

Guest house in ACT: ensuite bedroom
Carly And Ben’s Garden Cottage For Guests, ACT Conder 2019

Moreover, it is believed quite rightly that capitalization of this opportunity will reap benefits for the economy and society as well by creating employment opportunities for the construction workforce and others involved in the construction process. A prediction suggests a massive boost of $87.5bn in the construction industry.

Bedroom in John's House in The Snowy Mountains
John’s House, NSW The Snowy Mountains 2019

What should be kept in mind before building a granny flat

If you wish to have a granny flat on your property in Australia, make it a point to get into the legalities before. Laws related to secondary residencies vary depending on the state you’re in. Make sure that you are aware of each and every detail related to the construction of a granny flat in your area-size requirements, what you can add and what you cannot, rental laws governing granny flats, etcetera. Don’t hesitate in taking help from a local construction and planning expert!

Please feel free to consult with YZY Kit Homes accredited builder, either at their office or a display village or book your site inspection. It is usually cost and obligation free.

Bedroom in John's House in The Snowy Mountains

John’s House in the Snowy Mountains

The Cyprus cabin was recently built for John in the Snowy Mountains as a house. John happily shared his feedback and kindly let us photograph and film his newly built and styled home.

John's House in The Snowy Mountains front
The Cyprus granny flat built for John in The Snowy Mountains

“It serves me well, I’m very comfortable in my new home.  Anybody who has come to my new home was very very impressed!

And I was amazed about how well the building insulated is. I only turned the Air conditioner on once or twice during summer even on we had 5 days straight of over 40 degrees.” – said John, the owner of the Cyprus home.


There is a walk through video of John’s House.
Bedroom in John's House in The Snowy Mountains
Bedroom in John’s House
View from bedroom in John's House
John's House in The Snowy Mountains: bathroom
En-suite bathroom

John was also impressed with the after sales service and spoke highly about the builder Murray Fleming (Canberra Outdoor Structures) who managed all building works of Cyprus cabin.

“I had quite a few minor queries, things that I did myself and Canberra Outdoor structures team came in and helped me with things in a timely fashion which impressed me.”– said John.

Living room in John's House
Living room
Kitchen in John's House
Kitchen and a bedroom

John has recommended us to several people, so we’ll see more YZY Kit homes in the Snowy Mountains or anywhere else in Australia.

Front deck in John's House
Front deck
John's House with views in The Snowy Mountains
Views from the deck

Interior and exterior colors

Exterior walls of John’s house were stained with Burnt Gum. And let me say it looks stunning with the classy white window architraves. Interior was stained in the clear finish with white painted window frames.

The building has underground power connected from the main house. And the existing house sewer line was used so the stormwater just goes to the existing tanks.

John's House in The Snowy Mountains water tanks
Water tanks connected at the back

Have a question? Find contact details of the builder, Murray Fleming, service area is ACT +200km.

If you need a cabin or a house anywhere else, please find your nearest builder/ YZY Kit Homes supplier here

Grand Opening Display Village Canberra 2017

Grand Opening of Display Village in Canberra

Canberra Outdoor Structures extended and revamped the Display Village of Backyard Cabins, Studios with added Granny flat Cyprus. Cyprus and other models in a Scandinavian flat-pack granny flats range were specifically developed to Australian market and building regulations. Following a successful introduction of Cyprus model at Canberra Home Show in October last year, a new fully furnished Permanent Display will open its doors soon! Continue reading Grand Opening of Display Village in Canberra

Final look, Granny flat Cyprus, QLD, 2017

New granny flat for Christmas in Queensland

We recently had a client who desperately needed a small home before Christmas…she called 10 days ago!

Granny flats from YZY were a great option. They were the size she wanted, there was one in stock and they can be built quickly.

A combined effort from the owner at YZY kit homes, Adrian from Classic Kit Homes and Rowan and his team from Queensland Building and Construction are making it happen.
Her new home, the Cyprus granny flat,  was delivered on Monday.

Watch the progress here! Continue reading New granny flat for Christmas in Queensland