You can see Immediate Positive Returns of over 20% on the Granny Flat allowing you to make an extra $2795 per month based on real returns.
The Granny flats price can be recuperated in a number of different ways:
A great financial investment
- Rent them out for up to $650/week
- Reduce your overall taxable income
- Add plenty of value to your property
- Avoid land tax, strata fees, stamp duty, etc.
As well as this, granny flats are also a more affordable option than moving into a new residential property or renovating your existing household. They can be used for a variety of purposes too, including a home study, a bedroom for your teenager, or a retreat for your elderly parents. You can even move in yourself and turn your house into a rental property for even more income!
As well as this, granny flats are also a more affordable option than moving into a new residential property or renovating your existing household. They can be used for a variety of purposes too, including a home study, a bedroom for your teenager, or a retreat for your elderly parents. You can even move in yourself and turn your house into a rental property for even more income!
Average Investment Returns
| SUBURB | WEEKLY PER RENTAL | RENTAL PER MONTH | RENTAL PER YEAR | ROI BASED |
|---|---|---|---|---|
| Abbotsbury | $370 | $1,603 | $19,240 | 20% |
| Dundas | $470 | $2,037 | $24,440 | 25% |
| Pimble | $500 | $2,167 | $26,000 | 27% |
| North Rocks | $460 | $1,993 | $23,920 | 25% |
| Jannali | $450 | $1,950 | $24,000 | 24% |
| Carringbah | $480 | $2,080 | $24,960 | 26% |
| Mount Prichard | $370 | $1,603 | $19,240 | 20% |
| Prestons | $385 | $1,668 | $20,020 | 21% |
| Merrylands | $420 | $1,820 | $21,840 | 23% |
| Dee Why | $460 | $1,993 | $23,920 | 25% |
| Fairfield | $390 | $1,690 | $20,280 | 21% |
| Ambervale | $400 | $1,733 | $20,800 | 21% |
| St Marys | $350 | $1,517 | $18,200 | 19% |
| Tahmoor | $390 | $1,690 | $20,280 | 21% |
| Baulkham Hills | $440 | $1,907 | $22,880 | 24% |
| Belfield | $430 | $1,863 | $22,360 | 23% |
| AVERAGE RATES | $423 | $1,832 | $21,986 | 23% |
Have a project for us?
We’ll help you with everything from design and approval to construction and finding a tenant. If you’re interested in our premium granny flats for sale, get in touch with the friendly team at Benco.