A granny flat investment is versatile. Not only can it be used for personal use, as an opportunity to give an empty nester or an elderly parent, grandparent or children that still want to live at home, the freedom of having their own space. It can also be a smart way to manage your income with both short term and long term rental opportunities. Some families may rent it in the short term but plan to live in it down the track.
Granny flats are low maintenance, and comfortable to live in all year round, with low operating costs, no strata fees and utilities can be shared or separated depending on the rental arrangements.