Granny Flats in Australia: Two Rents From One Gold Coast Block
👉 Want a Gold Coast block that suits a granny flat? Talk to the Srama team → https://www.srama.com.au/contact-usGranny flats in Australia are changing how Gold Coast families and investors buy. This episode brings together our best granny flat conversations from the past 12 months, recorded across several episodes, because it's one of the most common questions the people we work with ask us.🏡 Gold Coast Buyers Agency 👉 https://www.thesramagroup.com/First, I go through the two groups of buyers driving this. Owner occupiers are using granny flats for intergenerational living, with parents helping their kids into the market or kids bringing their parents closer, while housing affordability stays tight. Investors can now rent a granny flat to someone outside the family. I also share a property investment strategy I've used myself: buy an investment property in the right location, add value with a cosmetic renovation, get it revalued, and use that home equity to fund a granny flat. You end up with two rental incomes on one title, plus capital growth.Then builder Tim Sayce, founder of Kai Konstruct, draws on his background in property development to explain how approvals work on the Gold Coast, how long a build takes, how to tell if your block suits a granny flat, and when it isn't worth doing. He also shares a Northern Gold Coast project where a $470k granny flat changed the bank's valuation.To finish, Justin Hughes, marketing manager at Srama, brings me a listener question about an 860 m² corner block in Pacific Pines: granny flat, duplex or cosmetic renovation?In this episode, we cover:-Why granny flats are getting more popular on the Gold Coast-How intergenerational living is helping parents and kids into the market-Renting a granny flat to someone outside your family (always check current council rules)-What granny flats rent for on the Gold Coast: around $600 to $800 a week for two bedrooms and $400 to $600 for one-Using a cosmetic renovation and revaluation to fund a granny flat build-Turning a negative cash flow property into a positive one-DA vs BA: how long it takes to get a granny flat approved on the Gold Coast-How long a granny flat takes to build on a flat or sloping site-The PABS checklist: privacy, access, build method and site services-When a granny flat can hurt your property's value, and when a renovation is the better move-How banks now value and lend on granny flats using as-complete valuations-Granny flat, duplex or cosmetic renovation: what adds the most value in Pacific PinesConnect with Tim SayceInstagram → https://www.instagram.com/timsayce/Kai Konstruct Instagram → https://www.instagram.com/kaikonstruct/Website → https://kaikonstruct.com.au/🎁 Want my property portfolio spreadsheet?Leave a review for the show, then DM me "spreadsheet" on Instagram and my team will send it to you → https://www.instagram.com/matt_srama/Connect with usBGC Instagram → https://www.instagram.com/buying_goldcoast/Instagram → https://www.instagram.com/matt_srama/?hl=enTikTok → https://www.tiktok.com/@matt_sramaLinkedIn → https://www.linkedin.com/in/matthew-srama-b8647b1ba/?originalSubdomain=auWatch on YouTube → https://www.youtube.com/channel/UCB7ggrHZGGUoUwDQiLhBDUwApple Podcasts → https://podcasts.apple.com/au/podcast/buying-gold-coast/id1595508122Gold Coast Buyers Agency → https://www.thesramagroup.com/Join 3000+ for weekly insights → https://buying-gold-coast.kit.com/jointhelistIf you are serious about learning how to buy property on the Gold Coast, understand where the city is heading, spot lifestyle and development opportunities, and stay ahead of the Gold Coast property market, subscribe to Buying Gold Coast for weekly insights. → https://buying-gold-coast.kit.com/jointhelistNew episodes every Tuesday.Disclaimer: The information in this episode is general in nature and isn't financial, legal or tax advice. Speak to a licensed professional about your own situation.
