|A recent joint analysis from Core Logic and Archistar identified 583,440 homes in the Eastern States alone that have enough land to build a granny flat.
With an initial outlay of $120k to $200k these property owners could increase the value of their property by 30% and add 27% to their rental income.
For investors this is useful because granny flats appeal to a wide range of renters on a budget who still want to live close to major cities. For owner occupiers living in a multi-generational household, granny flats enable family members to all have a bit more space yet still keeps everyone close by.
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