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by Duncan Hughes Rental yields of up to 15 per cent can be reached on backyard "granny" flats and "Fonzie" flats developed in excess of garages while in the nation's hottest home marketplaces, Based on property and tax specialists.
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Some state governments are encouraging granny and Fonzie flats by rushing up building approvals and allowing for house proprietors to rent to tenants apart from relatives and mates.
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You could potentially rent these out on extended-time period leases, to some young few or someone who can't rent an apartment given that they Have got a pet. But Lee thinks the greater investment proposition is substantial-quality granny flats which can be nearer to town and on great community transportation hyperlinks.
Well offered. There's fantastic size get rid of & a granny flat in the rear, so There exists loads of Place for everyone. This house is right like a rental or with the owner occupier...
Some Sydney councils have trimmed the level of paperwork essential for what are considered to be suited Homes for development, which usually refers bunnings granny flats wa to the dimensions from the block and relieve of entry.