Why invest in a granny flat?

Building a granny flat for investment

GRANNY FLATS

Why add a granny flat to your investment?

A granny flat is a versatile and independent property that offers many financial benefits.

Not only does it present a great short or long term rental investment opportunity, it also maximises the potential of your backyard in a smart and cost effective way.

Below are six benefits of owning a granny flat as an investment property, that you may not have considered.

Earn an income

Whether you rent out your granny flat as short term accommodation such as an AirBnB or you rent the property on a long term basis, the rental income you'll receive will generate an income.

Capital Gains

From 1 July 2021, Capital Gains Tax can be exempt if the person living in the granny flat is of pension age or require assistance for day-to-day living.

Affordable Investment

Compared to buying an investment property or developing a rear strata or subdivision, with a granny flat you will avoid paying stamp duty saving you tens of thousands of dollars.

Positive Geared Investment

Many of our investors have been able to strategise their investment so it is positively geared. Find out how we can help you.

Tax Depreciation Benefits

By building a brand-new granny flat and renting it out as an investment, you can claim the tax depreciation deduction, therefore, reducing your taxable income.

Increase Property Value

A granny flat on your land can increase your property’s resale value as you are adding more living space and amenity to the property.

Your Free Guide to Granny Flats

Get an understanding of granny flat product options and how it can add value to your life, your family’s life and your property.

Built around people

At Summit, we’re built around people, which means our clients, team and suppliers are at the core everything we do.We consider it a privilege to be part of your building journey, and so we want to document our partnership together.

Client stories

Booragoon

Elaine & Peter

Elaine and Peter invited us into their recently built farmhouse style home, based around their U-shaped alfresco. This stunning home boasts four bedrooms to cater for their eight grandkids, a large open kitchen and two living rooms, an entertainers delight.

Elaine & Peter's story

Treeby

Jasmine & Owen

As first time home-owners and first time builders the most important thing for us was building with someone we could trust and who we knew would support us along the way. Chris gave us this reassurance and he was true to his word - he helped us at every step of the journey and we are so grateful for his guidance.

Jasmine & Owen's story

Request an appointment

Speak to someone about your plans. Whether you’re considering building, renovating or developing our experts can guide or answer any questions you might have.

08 9317 0141

Head Office & Style Studio

242 Leach Hwy, Myaree WA 6154
Monday – Friday: 8:30am – 5pm
Saturday: 9am – 2pm
Sunday: Closed

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