Gran-d Slam

Sunday, 8th Sep 2013

Inquiry rates for granny flats have soared this year and they’re not all planned as a home for older relatives. Momentum Wealth managing director Damian Collins, who held a sold-out investment seminar last Tuesday featuring the new granny flat laws, predicted the accommodation would be popular with investors chasing higher yields. Specialist builders say there has been “a substantial increase” in the number of people asking about ancillary accommodation or “granny flats” since the State Government announced in March it would change legislation to allow the flats to be rented to allow the flats to be rented to non-relatives.