Due to global trend of rising costs on materials and shipping, the current prices of backyard cabins will have to increase from August 1st, 2021.Continue reading Beat the Price Rise
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.
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.
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.
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.
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.
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.
Canberra Outdoor Structures recently built a garden cottage for Carly and Ben Drysdale’s family in Conder. Initially, the cabin was meant to be built as a sleepout for guests, but in the process young family found out they were expecting a second daughter and would have run out of rooms inside their house!Continue reading Carly and Ben’s Garden Cottage for Guests
This modern guest house was recently built by Canberra Outdoor Structures in Canberra. Our Sicilia cabin built with a spacious deck warping the cabin on two sides was customized to suit young family’s needs to have a home office as well as a space to accommodate guests.Continue reading Elegant Guest House in Canberra
Looking back at 2016 – what a wonderful year it was with so many dreams realized with YZY cabin kits.
YZY backyard cabins were used as a she shed, art studio, teenage studio, home office, parents retreat, pool house, kids house, guest house, B&B, beauty salon, yoga studio, hobby room, music room.Continue reading Backyard cabins and granny flats built in 2016