Granny Flat Questions

Discussion in 'Investment Strategy' started by Macca7, 6th Jul, 2018.

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  1. Macca7

    Macca7 Member

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    I'm am buying a house + adding a granny flat in Sydney, NSW.

    Looking at more expensive areas e.g. Cronulla, Eastern Suburbs, northern beaches etc

    Strategy is long term buy & hold but add GF to maximize CF.

    I am time poor so am looking for turn-key buyers agent/town planner/builder (specialists) in these areas.

    Any suggestions on who to contact?

    Thanks
     
  2. Propertunity

    Propertunity Well-Known Member

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  3. neK

    neK Well-Known Member

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    Granny Flats Australia - Built For You
    Granny Flats Sydney | Expert Builders, Approvals & Designs

    I've used both. Both are good.
    Granny Flats Australia has a draftman, private certifier and builder all in house and it's a single bill.

    Granny flat approval is drafting only. They do however organize the private certifier, but you pay the certifier directly. They then shop your plan around to 3 builders and let you choose one of them or you can pick your own. They are there to help support during the build process, but they are not the builders.

    There are pros and cons of each approach. As I said, I've used both, and both systems worked fine for me.
     
  4. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

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    You looking for suitable lots rather than the actual builder ? In which case the GF builders may be a bit preliminary.

    Speak to a BA or if thats not in your time table / budget speak to REAs in the target areas. Then when you find a suitable property + site ensure a TP verifies its suitability. Suburbs with larger lots are all a focus for like minded buyers.
     
    Propertunity likes this.
  5. Illusivedreams

    Illusivedreams Well-Known Member

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    You have to also understand the area/target market.

    Granny flats in some areas may cost on CG.

    People in these areas are more affluent and in so don't want a granny flat on their lot.

    Than their is their is the consideration of property type that's a corner block would mean a separate etrance if construction of a Granny which would improve letting of the GF. Also less impact on main dwelling.

    In. Areas of the Eastern suburb its almost not feasible 450sqm lot for GF according to SEP.

    Bondi for example 450Sqm lot would mean its a. Duplex site. Duplex site is better than house with GF. Say North Bondi. 450Sqm is $3,000,000 for site or so.. To me this is not a. Site you put a GF on.

    In the Cronulla area which is now home to me Will also greatly depend. Viability will change Cronulls case you will probably go as Far as Kirrawee to find target market and suitable sites. The 2015 LEP in the area made semidetached dwelling more appealing.

    I just finished a nice Granny flat. Near Liverpool I can advise who I used and costs.
    Feel free to drop me a Personal Message I can give you some friendly advise for Free.

    I'm not.BA and have not conflict also advice is general in nature :)