It's the revolution rocking Sydney suburbia – and it's coming to a backyard near you. 👇
Vera Ippolito at the Granny flat under construction in her in-laws Ashbury back yard. Picture: John Appleyard
The couple constructed the granny flat to live in while they make money from their investment property. Picture: John Appleyard According to the Australian Bureau of Statistics , there were 10,852,208 private dwellings in Australia in 2021. Of these, 31 per cent were rented.Of the rental dwellings, 70 per cent were separate houses, 13 per were townhouses, and 16 per cent were apartments.
“A granny flat in the Central Coast can add between $344 to $430 per week or in Blacktown between $322 and $400 to a rental property or to a struggling mortgagee. An increasing number of buyers are asking for fixed rate mortgages amid a volatile market. Picture: NCA NewsWire / Jeremy Piper Regional areas like Goulburn and Tamworth have also seen a rise in granny flats being constructed with properties.
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