Sydney Trends- Granny Flats in 2013



We have seen a rising trend in granny flats being constructed in Sydney NSW, through 2012 and now, as 2013 gets a start, even greater growth is indicated. Investors, mums and dads and teenager’s retreats- across the board, we’re seeing an asymptotic rise in the number of granny flat enquiries in Sydney and even rural NSW through our website and general enquiries by phone.

So what does all of this mean?

1. Granny-Flat-Friendly Properties (see HERE), are becoming more popular, particularly in NSW Western Sydney, where property prices are lower and blocks of land are also larger, have easier access and where rental demand is quite high.

2. Banks are set to lend more money in 2013 and as interest rates drop, we’re seeing more property Owners investing in their existing properties, avoiding stamp duties on new property purchases in the process

3. Popularity of Granny flats is rising as investors recognise that secondary-dwellings are excellent rental-income producing investments. In this sense, many of our investors are protecting their investment by designing and siting their granny flat to be attractive to tenants for today and well into the coming decades. We are extremely sensitive to this and we provide advice in accordance with these objectives. We often advise against development if it wont result in adequate visual and acoustic privacy for tenants.

4. Conversions Approvals (garages or sheds converted into-granny flats) are also on the rise as home owners see the benefit of providing accommodation for their ageing parents, their growing teenagers and even for investment purposes.

Sydney Trends in Granny Flats 2013

Sydney Trends in Granny Flats 2013

The combination of the above elements has helped place granny flats on the forefront of an emerging real estate trend in Sydney, especially with a growing population couple with the limited space Sydney has to offer.

We see the coming year as a positive time to invest in granny flats. We’re also here to make this happen for families and investors alike, in a transparent and informative way for our clients and all interested parties in Sydney. Feel free to view our PRICING PAGES which are also interactive! We wish you a happy and prosperous 2013 and for our new investors, happy house hunting!

Serge Panayi: Granny Flats Sydney (NSW) Pty Ltd

Advice warning: This article is intended to provide general information only and has been prepared without taking into account any particular person’s objectives, financial situation or needs. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain financial advice specific to their situation before making any financial investment or insurance decision. 

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