Recent changes to WA planning legislation means that granny flats can now provide substantial investment opportunities for property owners.
New regulations allow for granny flats of up to 70m2 to be constructed in all residential zones on land of 450m2 and greater. More importantly, the legislation now allows for homeowners to rent the granny flat out to non-related tenants.
This represents a significant opportunity for Perth property owners, considering the current housing shortage. Rental value indications range from around $250-$350 per week depending on location and accommodation. Based on average interest rates at the time of writing, the rental return should comfortably cover the construction loan and your property will also appreciate in value due to the added accommodation or extra income source.
West Coast Granny Flats builds quality granny flats designed in keeping with your main home from $119,990. If you would like to speak to one of our consultants please visit the Contact Us page on this website or call us directly on 9207 1900.