Dual income property

Hi All,

I currently live in the Bayside suburbs in Brisbane and I am looking to buy PPOR in the coming 6 - 12 months as i feel there could be some good buying opportunities.

I really like the idea of a 3 bedroom family home with the option of adding a granny flat at a later stage to create a dual income while im living there or when i move out.

What sort of properties should i be looking at if my intentions are to build a granny flat? What should I keep in mind or consider?

Thanks in advance.

Cheers,
Robbie

 

Aahhh, so BCC doesnt allow for dual income or granny flats?

 

I thought they did allow them, except only when rented to family members?

 

They cannot be rented separately to the main house, so no dual income possible. Two separate leases are not allowed.

Technically you could live in the main house and rent the flat to a close relative, like granny!

BCC are very strict, and will act quickly on any infringement. Avoid like the plague (or Covid!) any RE agent or PM who tells you differently.

 

Ok that was my understanding

 

How about the Redland bay council?

 

Would this be possible in Brisbane?

Brisbane Council property with a granny flat

 

No.

How is that different to living in the house and renting the granny flat?

If you have your heart set on a genuine dual income property, look for a locality where separate leases are legal.

 

Logan, Ipswich and Moreton Shire allow dual-occupancy/auxiliary dwelling properties with separately leased parties. Gold Coast has mixed feelings on the matter. Brisbane and Redlands do not allow them at all.

 

@Tom Rivera Thanks Tom, much appreciated! As I'm currently based in the Bayside suburbs, If i did go down the "dual income" route, I may lean towards Logan (Daisy Hill, Springwood, Rochdale etc).

What your thoughts on these suburbs, compared to Moreton Bay, in terms of good fundamentals and tenant demand? Are granny flats easily rentable in these areas?

 

You've just listed the 'Upper-logan' suburbs, which have a much more 'Brisbane-like' demographic than Greater-Logan. I'm sure there's comparable areas in Moreton Bay, but I'd think the specifically listed suburbs are largely going to be superior.

Well designed auxiliary dwellings are a dream to rent, east of the highway you're looking at $325-$350wk.

 

Is there any legal way of doing this in BCC? Say if you apply for the same registrations as boarding houses but just for a house and granny flat, or are there provisions each 'dwelling' cannot be self contained (they can't have individual cooking and laundry facilities)