We can help
with financing
your granny flat project.
Invest Plus Granny Flats can tailor
your financing to suit your investment needs.
Earn income from your existing property
The most traditional ways our clients look at the benefits of a granny flat is the income you can earn from your existing property. It’s a great stepping stone towards having an investment portfolio and helping pay down debt. A granny flat can also become a secure retirement income in addition to your superannuation.
Invest Plus Granny flat can significantly reduce your upfront payment on the building of the project by tailoring a payment plan or working with our finance partners to help secure the right financing.
Depending on your situation, there are a number of ways this can be beneficial.
- Build now, pay in manageable instalments.
- The initial investment required is significantly reduced.
- If you have elderly parents who may need to be accommodated in the future, you can be prepared with the granny flat with out straining your current financial situation.
- The granny is a versatile way to accommodate family, friends or even short term rental income.
Scenario 1: Savings
Adding a granny flat investment to your existing mortgage loan
You own a house in Western Sydney with a loan debt of $400,000. Adding an extra $120,000 to your mortgage to build a granny flat, would allow you to earn a rental income of approximately $315 per week to cover the additional mortgage payments.
See below:
| Before | After | |
|---|---|---|
| Total loan amount | $400k | $520k |
| Interest rate | 4% | 4% |
| Weekly rental income | $0 | $315 |
| Weekly repayments | $440 | $755 (includes above weekly rental) |
| Total savings in interest over term of loan | $0 | $140k |
- Figures provided are an indication only. Calculations based on 30 year loan period & principle payments only.
Scenario 2: Income
Loan on granny flat without existing mortgage.
Build a granny flat and earn an extra income by renting it out.
See below:
| Data | |
|---|---|
| Granny Flat investment value | $120,000 |
| Estimated weekly rental income | $315 |
| ROI in first year | 13.65% |
| Interest rate | 4% |
| Weekly repayments | $77 |
| Net weekly cash flow before tax | $238 |
| Additional annual cash flow | $12,376 |
- Figures provided are an indication only., based on an average Sydney rental.
Scenario 3: Invest Plus Payment Plan
Payment plan allows you to build now, pay later.
Invest Plus understands the changing conditions of the way we are living and working. Build your granny flat now, and pay it off over time*.
*Terms and conditions apply, payment plan will be negotiated between Invest Plus and the property owner.
See below:
| Amount | |
|---|---|
| Example cost of granny flat | $120,000 |
| Deposit | $12,000 |
| Payment Plan (payment during construction) | $60,000 |
| Payment Plan (Post construction) | $230 per week |
- Above example based on payment plan over 4 years. Payment plan for each property and granny flat project costs and scope will vary.
Scenario 4: Rent Free Renovation or Build.
Save by building a granny flat as part of a knock-down rebuild or renovation project.
A granny flat is a great solution to having to move while renovating or building. No need to pay rent and find somewhere else to live while building or renovating your main residence.
Talk to Invest Plus Granny Flats about how you can save by combining your granny flat build with your home renovation or rebuild.
Our experienced mortgage broker has developed financing packages that can be tailored to suit your needs. Contact us to find out more about Invest Plus Granny Flats financing options.
Book a consultation with our team to discuss your bespoke granny flat design.
