Queensland’s housing needs are changing … and our politicians and councillors are including granny flats and the like in their plans!  New green guidelines, homes that work with our climate and are in tune with their community … it looks like they might just be getting it right!  Take a look at this excerpt from The Courier Mail article discussing the future housing plans for Brisbane City.
​

​Daryl Passmore, The Courier-Mail
September 16, 2017

​… As for housing, there is broad support from state politicians and the city council for encouraging new models, such as granny flats, duplexes, terraces and low-level apartment blocks in low-density areas.
 
The Government has emphasised this “missing middle’’ approach between single detached houses and high-rises in its just-released Southeast Queensland Regional Plan.

​Lord Mayor Graham Quirk says: “Council will consult local communities on the future of their suburb to ensure that different types of dwellings are in tune with community expectations for that area.’’
Council has committed to using new green guidelines promoting designs compatible with the subtropical climate into its assessment of CBD building proposals and is now incorporating them into new neighbourhood plans.
 
The Brisbane River will be enhanced with five new hubs to enhance recreation and tourism, while extra bridges are on the cards, along with a major expansion of South Bank Parklands.
 
But council has ruled out a major element of the Future Brisbane action plan – incentives to encourage businesses to set up in hubs in middle-ring and outer suburbs to relieve congestion caused by people travelling into the city centre to work.

​While council supports the development of economic hubs outside the CBD, Quirk says incentives are not necessary.
 
“The Brisbane Metro will significantly reduce travel times and support the development and attractiveness of suburban precincts,’’ he says. “Council-related costs for setting up suburban businesses are already significantly cheaper than the CBD.”
 
State Government projections forecast that the proportion of people who commute into the Brisbane Council area from other parts of the region to work will rise from 31 per cent to 42 per cent by 2041.
 
Debbie Smith, managing partner for professional services firm PwC, says: “(We need to) think about how we decentralise economic activity away from the CBD and generate more opportunities for people to live closer to their places of work. This will reduce congestion and help boost lifestyles.”
 
Top demographer Bernard Salt, who conducted exclusive research for the Future Brisbane series, highlights the need to create employment opportunities close to fast-growing residential areas away from the inner city if Brisbane is to avoid the crippling gridlock that’s afflicting other cities.
 
He insists that direct intervention is necessary, saying: “The Government can lead this process by locating any new departments, divisions or authorities somewhere like Chermside or Mount Gravatt or Springfield, and that in turn draws businesses.”

Jennifer Duke, Domain
30 August 2017

A little-known loophole across all states and territories is allowing investors, who already own multiple properties, to take advantage of government grants aimed at helping first-home buyers.

An analysis of rules around grants across the country shows that it doesn’t matter if you already own one property, or 10 – a homeowner who hasn’t lived in their properties for more than six months may be able to claim certain first-home buyer stamp duty concessions and grants.
​
This means someone like Uber driver and quantity surveyor Dean Munro, 29, a multiple property owner – is eligible for government first-home buyer benefits, because this time he is buying a house with the intention of living in it.

​Dean Munro is a multiple property investor, with a family-owned portfolio he estimates is worth more than $2 million, and he’s still able to claim the stamp duty exemption on his newly bought first-home. Photo: Paul Jeffers

His property portfolio, which includes three properties owned in his name and some he teamed up with family members to buy, is worth more than $2 million.

After a decade of rentvesting – a term given to those who own investment properties but continue to rent – Mr Munro has bought a house in Melbourne’s Broadmeadows. The first-home stamp duty exemption he is entitled to will save him $17,620 on his $425,000 home.

If the property he had bought was a new build, he would have been able to claim up to $10,000 from a government grant.

An examination into the rules found property investors across all states and territories may be eligible for some form of government benefit on a property purchase, provided they haven’t lived in any of their previous investments and they haven’t owned real estate before July 1, 2000.

This is good news for Mr Munro and investors like him.

Despite also having a shares portfolio, gold and silver bullion, and a cash buffer in the bank “just in case there is a downturn in the property market”, he said the stamp duty concession – which his lawyer confirmed he was eligible for – is one of his “tactics” to get the last loan over the line and push the portfolio to its eighth property.

“This last loan was not easy to get and required a lot of thinking outside the box,” he said. “I’m just going within the rules and I haven’t used it before.

“I never used [the grant], so I’m using it now. It’s the right time to settle down and stop renting a room [in a share house]. I want to live by myself and do some renovations.”

So, how many multiple property owners like Mr Munro have been given a first-home owners grant? Even government departments handing out the grants aren’t sure.

Domain requests to all state and territory relevant government agencies for providing first-home owner grants revealed none of them collect data on whether first-home owners are also investors when providing the grant or stamp duty concession.

While rentvestors claiming first-home buyer grants are simply playing by the rules, First Home Buyers Australia founder Daniel Cohen said the grant should be a one-off payment to people purchasing their first property to live in. Both he and FHBA co-founder Taj Singh were surprised at the rules.

“So if you choose to enter the property market as a rentvestor … while this is a viable option for consideration, by choosing this method you should be giving up your right to the [grant],” Mr Cohen said.

He noted that investors were able to receive other tax incentives, such as negative gearing benefits, which were not available to first-home buyers.

The rules around the grants aren’t new.

A Queensland government spokesman said the purpose of the grant was primarily to offset the increased costs of housing arising from the introduction of the GST in 2000.

Since then, some variations have been introduced. In both Western Australia and the ACT, a property investor cannot claim entitlements if they have lived in the home for more than six months, if it was bought after June 30, 2004.For properties owned between July 1, 2000, and June 30, 2004, they could not have lived in it for any time period.

A Revenue NSW spokesman said: “It is important to note that investors do not benefit from the stamp duty exemptions that were recently expanded in NSW”.

Richie Muir, legal director at Lawlab, said there were some differing rules between the states and territories, but many rentvestors would be eligible.

“The number of rentvestors are increasing in Australia, particularly with younger generations, because they want to get on the property ladder as quickly as possible but can’t yet afford their ideal home,” Mr Muir said.

Rentvestors may be required to provide evidence they hadn’t occupied their properties, such as lease agreements, tax returns and utilities bills, and the rules also applied to their spouse, he said.

Mr Muir also noted this list was not exhaustive, and there are other eligibility requirements for the first-home owner’s grant that vary by state and territory, and the rules relating to stamp duty concessions can also be different.
​
“Where the first-home owner concessions are not available, there may be other home owner stamp duty concessions available,” he said.

Airbnb is a world-wide concept that is rapidly gaining popularity here in Australia.  Letting out your unused room seems like such an easy way to make some pocket money or contribute a little extra towards the mortgage….right?

It can be, but before you place that ad you need to be aware of any possible tax obligations further down the track.  Check out this article to discover what you need to know…
 
A homeowner's guide to letting on Airbnb 
Melissa Browne, The Sydney Morning Herald
29 August 2017
 
More and more homeowners are looking for ways to increase their household income. This includes looking to their family home to provide extra funds through Airbnb or renting out the granny flat in the backyard.

While this might seem like a short-term win that may include the ability to claim a percentage of your mortgage as a tax deduction, it's important to remember the long-term cost when you sell.

Too many people aren't aware that they may lose their main residence exemption if they use their house for income-producing purposes, which means they'll potentially pay capital gains tax (CGT) when they sell their home.

If you're thinking to yourself, 'I'm only renting my spare room out every other weekend on Airbnb, the Tax Office will never find out. Besides, if I don't declare the income and claim the deduction then I don't need to worry about CGT' – I urge you to think again.
​

That's because the Tax Office can data match your information on sites such as Airbnb to ensure that you're declaring income.

The ATO's assistant commissioner Matthew Bambrick has said that information is used from "a range of third-party sources" such as banks, eBay and Uber, to data match with what is being declared on tax returns and to catch undeclared income.

"The data enables us to put together a picture of what a person's assessable income should be. If something doesn't look quite right, it will send up a red flag and we'll investigate further," he said.
"The ATO is keeping up with the sharing economy, meaning that we have the ability to identify if you have left out a significant amount of your income."

Does this mean that you shouldn't be renting out the granny flat or making a few extra bucks on Airbnb? Generally, no however it's important to understand the long-term financial implications of the short-term gains you're currently making.

Let's take the case of renting a granny flat on Airbnb. If you decide to rent the granny flat on Airbnb, it's available to rent every week and it's available for market rent then you may be entitled to claim a percentage of your interest, council rates and more against the income derived which means part of your ownership costs may be tax deductible. Which can be a great thing. This may mean that the income and expenses cancel each other out and you end up paying no income tax on the net income. Let's assume in this example that the granny flat represents 7.5 per cent of the house.

When you eventually sell your house, let's say you make a profit of $300,000. Normally you'd pay no tax on this as you'd be entitled to the main residence exemption. However, as the property was income producing for half that time then $150,000 is potentially now subject to CGT. The good news is you are potentially entitled to a 50 per cent discount, which reduces the profit to $75,000 of which 7.5 per cent is now declarable for CGT purposes or $5625. If your taxable income is an average one, the tax payable would be $1771.88.

Now that might not seem like a lot of money; however, if you live in a suburb where house prices have skyrocketed, your profit could be much more than the example above, which means that the CGT payable is also much more.

With the average Australian income for Airbnb hosts at $4500 a year, in the example above, even with deducting the CGT payable, the host would be better off.

However, with some suburbs, particularly in Sydney, having increased dramatically, there is a chance the CGT will be more than the income received, which may mean you want to reconsider your options.

You may argue that you have no intention of moving and therefore any potential CGT is irrelevant because you only pay tax on the profit when you sell. However, circumstances change for all of us and it is important to be aware of any potential gain should you choose to sell.

What is important is not to bury your head in the sand and claim that you didn't know. That's simply not a good enough excuse and the Tax Office will issue fines and penalties if you're not declaring both the income and the CGT.

Airbnb and granny flats can be a fantastic way to make some extra money from what is often our biggest and most expensive asset, however it is important to be aware of both your tax obligations both in the short term and the long term.
 
Got a Granny Flat ?

Perhaps Airbnb might be a good alternative rather than a standard residential lease arrangement (subject to any council requirements of course !)

Don’t’ have a Granny Flat yet – when you look at some of the returns home owners and investors alike are achieving, it makes it worthwhile investigating.

Then talk to your financial advisor or accountant to see what the tax implications might be for your own personal circumstances …
 
Give Sonia a call today on 0403 309 136

This week Ipswich and Logan Granny Flats bring news of a change in the makeup of the Australian property market. The article below details the disparity between the great Australian dream of owning your own home and the harsh reality that some areas of Australia may soon have more than half the population renting, like New York. Affordability, investor domination of the market and the cost of stamp duty are the major hurdles standing in the way of young people today, 90% of whom still cherish the dream of home ownership.
​
Enjoy…

​Annabel Hennessy | The Daily Telegraph
17 December, 2017

SYDNEY is turning into a city of renters as rising prices force more people to ditch the homeowning dream.

Experts report an increasing number of people choosing to rent rather than buy and predict Sydney could soon turn into a city like New York, where more than half of the population rents.

In some Sydney suburbs the rate of renters has already topped 60 per cent.

​Real estate giant L J Hooker tips the rise of the renter to be one of the biggest property trends in 2017. Hooker research head Mark Tiller said affordability and investor domination of the market were driving factors.

“House prices are continuing to rise but, because of the increase of apartment supply in particular suburbs and the rise of investor numbers, we could see rents soften for units in some areas in 2017,” Mr Tiller said.

“The cost of transaction in terms of stamp duty also makes buying less achievable, which is also driving more people to rent.”

​While just 30 per cent of the Australian population rents, Bureau of Statistics data shows that in popular suburbs such as Potts Point the number of renters has risen to beyond 60 per cent.

McCrindle research director Eliane Miles said while home ownership was still a major aspiration, it was ­simply affordability stopping young people from buying.

“We did some research that showed 90 per cent of Australians still want to strive towards owning their own home,” Ms Miles said.

“It’s still the Aussie dream, it’s just more difficult and I think for young people it seems incredibly far off.”

Real Institute of NSW president John Cunningham said: “I don’t want to see Sydney turning into New York where the majority of people rent but it could happen.

“This is why we think the stamp duty system in NSW needs an overhaul, to make it easier for young people.”

Mahnam and Michael Mogaddam rent a granny flat in Baulkham Hills but are lucky enough to have bought a block of land nearby where they hope to build soon.

There were times when they nearly gave up on the homeownership dream.

“It’s really horrible. We’d have to live 45 minutes away for our family to get something affordable,” Ms Mogaddam­ said.

​“There were several times I said that we should think about just continuing to rent but we want to own a house so we can make it easier for our children and pass it on to them.”

This week, Ipswich and Logan Granny Flats bring you an excellent article on the growing demand for Granny Flats. With housing prices continuing to climb and the suburban population explosion, building a Granny Flat has never sounded better. Owners are typically able to achieve 15% rental yield, with the average rent at $283 p/week. While for renters, Granny Flats provide privacy, a massive drawcard over share housing for very little more money p/week.  It’s a win win situation.

​Read and Enjoy…

​Julia Corderoy | news.com.au
14 January, 2017 

​YOU could become a property investor without looking beyond your own backyard. The Granny flat is making a comeback, it has nothing to do with your grandparents, and it could be a gold mine for homeowners.
 
No longer regarded as just a quick, budget solution to housing your ageing relatives, Granny Flat-living is having a bit of a renaissance.
 
State governments are becoming more open to the building and use of Granny Flats — the New South Wales government overhauled its regulation regarding Granny Flats in 2009, as an example — and the designs are becoming smarter, more modern and more liveable too. So much so, that Granny Flats perhaps shouldn’t even be labelled “granny” anymore.
 
According to data from Flatmates.com.au, Granny Flat listings as private rentals on the site increased by 16 per cent in 2016, nationally, while searches for Granny Flat accommodation increased by 84 per cent in the last quarter alone. In Perth, the number of Granny Flats listed on the site rose a whopping 56 per cent in 2016.
 
More and more renters are opting for Granny Flats over share housing and savvy homeowners can capitalise on this.
 
THE ANSWER TO HOUSING AFFORDABILITY?
Thomas Clement, the CEO of Flatmates.com.au, said the resurgence of the Granny Flat is “absolutely” driven by rising real estate prices and affordability pressures. And both sides of the equation — owners and renters — are looking for ways to reap benefits in a heated market.
 
“There are a lot of people in their 20s and 30s that struggle to afford accommodation, particularly in the main city centres,” Mr Clements told news.com.au.
 
“It is also driven by the fact that there is so much money in property in Australia and people are looking at their property and asking how they can utilise that asset better and make more money out of it ... It is a great way of supplementing their income.”
 
The national average weekly rent a homeowner can receive from privately renting out a Granny Flat is $283, according to data crunched by Flatmates.com.au. But in Sydney, homeowners are receiving an average of $346, equating to an average of $17,992 in rental income a year.
 
In Perth, where Granny Flat listings rose the most in 2016, homeowners are receiving an average of $257 a week, equating to $13,364 per annum.
 
By comparison, the national average weekly rent for a private room in a share house on Flatmates.com.au was $220 per week in 2016.
 
Granny Flat Finder, an online service which compares Granny Flat designs and builders for consumers, has had an increase in inquiries every year since the company started in 2010.
 
“It has literally been month-on-month growth in inquiries,” Harry Laos, Senior Project Manager of Granny Flat Finder told news.com.au.
 
“But the demand for Granny Flats really started taking off around 2011 because it became a good idea in investment property circles.”
 
Pretty soon after that, Mr Laos explained, everyday homeowners were clueing in and really beginning to add fuel to the resurgence.
 
“More and more we are seeing your everyday mum and dad couples reaching their retirement years, and even younger couples, wanting to divide their backyard with a partition or hedge, build a Granny Flat, and rent it out to pay off their mortgage sooner.”
 
The average cost to build a Granny Flat, according to Mr Laos, will set a homeowner back somewhere in the vicinity of $1,600 to $2,000 per square metre, depending on the size. For a two-bedroom, 60sqm granny flat — the most popular for homeowners inquiring with Granny Flat Finder — will cost around $105,000 to $125,000 in total to build.
 
A 2015 analysis by BMT Tax Depreciation suggested the average cost of a Granny Flat to be $121,000 to construct. The tax firm, which collected data from thousands of its depreciation schedules, also suggested that property owners are typically able to achieve annual rental yields of 15 per cent on this investment.

WHAT ARE THE RULES?
The regulations regarding the construction of Granny Flats and who can live in them varies from state to state, but a change is in the air.
 
Traditionally, as the name suggests, a Granny flat was for the sole purpose of housing family, with regulations restricting the construction and private rentals of these backyard properties. And in some states, such as Victoria, this is still the case. But for others, such as New South Wales, the government has adapted.
 
In 2009, as a part of the New South Wales government’s diverse and affordable housing agenda, it overhauled its regulation governing Granny Flats, making them much easier and faster to build. As a part of the Affordable Rental Housing State Environmental Planning Policy 2009, otherwise known as the ‘SEPP’, a Granny Flat can be built in all residential zones and can be approved as a complying development in just 10 days, subject to minimum requirements.
​
These requirements state that the lot size must be at least 450sqm, the Granny Flat must have a floor space no larger than 60sqm, the lot cannot be subdivided and there is only one house and one Granny Flat on the lot.
 
Western Australian, the Northern Territory, Tasmania and the ACT have similar regulations. All allow property owners to easily build a secondary dwelling and then rent it to those other than family members.
 
Victoria, on the other hand, has some of the toughest regulations surrounding Granny Flats in the nation.
 
It varies from council to council but typically those wanting to build an extra home in their garden have to prove that the future occupant is a dependent person, such as a teenager or disabled elderly parent. The Granny Flat must also be removed if the person dies or moves out.
 
But now, a change.org petition by Small Change Design and Construction calling on the Victorian government to introduce laws similar to NSW has received more than 2,000 signatures. And according to an article published by The Age in January last year, the Victorian government has pledged to review the rules.
 
The Age quotes Acting Planning Minister Lisa Neville saying the government was “making sure planning rules keep pace with people’s needs.”
 
Queensland and South Australia have similarly restrictive regulations.
 
WHAT ARE THE RISKS?
Building an investment property in your own backyard certainly has potential to be a gold mine, however, it isn’t without its risks. The biggest risk being how it could affect the value of your property.
 
While it very well could be a drawcard for some buyers and aid its value, it could also do the opposite. Adding an extra property on the land which cannot be on a separate ownership title and therefore cannot be sold separately, could decrease the pool of interested buyers and decrease its overall value.
 
In addition, homeowners should be wary of its impact on privacy. As you cannot subdivide the lot to build a Granny Flat, you are ultimately sharing your space with others.
 
“You have to ask if the financial incentive of having that extra income stream is worth the personal choice of sacrificing some privacy, potentially, in your backyard,” Mr Laos said.
 
“Some backyards are made for Granny Flats and work very well — they separate very nicely between the main house — but others simply don’t, so you can really be sharing a lot of space with other tenants.”

This week Ipswich and Logan Granny Flats bring great news for investors! CoreLogic have released the highest performing suburbs for rental yield with Logan and Ipswich dominating the leader board! While houses in Riverview, Ipswich are netting a 6.3% gross rental yield, imagine what adding a Granny Flat in the backyard could do for your Return of Investment.
 
Our Case Studies prove that Doubling your Rent Return is not only a possibility but a probability!
 
Enjoy …

​Michelle Hele | The Courier Mail
27 December, 2016

 Outer Brisbane suburbs were the real winners for investment property owners in the past year with new figures revealing they gave owners the best rental yields.
 
The latest figures from CoreLogic show Hillcrest, Woodridge and Mount Warren Park in the Logan Council area tied for top spot with the highest median gross rental yield for units of 7.2 per cent.
 
In the house market it was Riverview at Ipswich which had the best result with a yield of 6.3 per cent.

No suburbs within the Brisbane City Council region featured in the top performing investment suburbs for units or houses.

Logan dominated the list, with entries also from Ipswich, Moreton Bay and Redland.
 
What all the top yielding suburbs had in common was that they had very low median house or unit prices.
 
The cheapest of those top yielding suburbs for houses was at Russell Island in Redland Council region, where the median house value was $215,408 and the gross rental yield 5.9 per cent.
 
For units it was Woodridge which had a median value of $199,757.
 
Closer to the Brisbane CBD, Rocklea, Keperra and Fig Tree Pocket were the strongest performers in the house market, while Oxley, Darra and Brisbane CBD lead the unit market.

Jillian Clifford | Smartline Personal Mortgage Advisors
16 December, 2016

One of the biggest property valuation firms in Australia produces one of the best property reports available. 

Herron Todd White has over 60 offices around Australia and they collate local feedback from their valuers to produce this monthly report.

Some of the more interesting locations on this clock are:   
​

• Sydney, Adelaide & Canberra (rising market),  
• Melbourne (approaching peak of market),  
• Newcastle and NSW Central Coast (peak of market),  
• Perth (bottom of market) and
• Brisbane & Hobart (start of recovery).

​Sophie Foster | News Corp Australia Network
24 October, 2016

​GREATER BRISBANE MARKET:
Growth:
MORETON BAY: Arana Hills; Banksia Beach, Beachmere; Bellara; Bray Park; Deception Bay; Narangba; Ningi; Redcliffe (houses and units); Rothwell.

INNER: Bardon

NORTH: Bald Hills, Brighton, Fitzgibbon, Hendra

SOUTH: Darra Eight, Mile Plains, Heathwood

REDLAND: Birkdale, Redland Bay, Victoria Point

LOGAN: Edens Landing, Jimboomba, Slacks Creek, Waterford, Windaroo, Yarrabilba

IPSWICH: Raceview, Redbank Plains

Plateau:
MORETON BAY: Albany Creek, Bongaree, Burpengary, Burpengary East, Caboolture, Clontarf, Eatons Hill, Everton Hills, Kallangur, Lawnton, North Lakes, Petrie, Sandstone Point, Scarborough, Strathpine, Upper Caboolture, Warner, Woody Point

INNER: Brisbane City, Coorparoo, Highgate Hill, Kangaroo Point, New Farm, Paddington, Spring Hill, Teneriffe

NORTH: Ashgrove, Aspley, Bridgeman Downs, Chermside, Clayfield, Enoggera, Grange, Hamilton, Kedron, Mitchelton, Northgate, Taigum, Wavell Heights, Wilston, Windsor, Wooloowin

EAST: Balmoral, Carina Heights, Carindale, East Brisbane, Manly, Manly West, Tingalpa, Wynnum, Zillmere

WEST: Chapel Hill, Kenmore, St Lucia, Taringa, The Gap, Toowong

SOUTH: Acacia Ridge, Algester, Annerley, Corinda, Drewvale, Durack, Forest Lake, Greenslopes, Holland Park, Holland Park West, Inala, Kuraby, Macgregor, Moorooka, Oxley, Parkinson, Salisbury, Sunnybank Hills, Mount Gravatt East, Tarragindi, Upper Mount Gravatt

REDLAND: Alexandra Hills, Capalaba, Cleveland, Thornlands.

LOGAN: Beenleigh, Bethania, Boronia Heights, Cornubia, Crestmead, Daisy Hill, Eagleby, Greenbank, Heritage Park, Hillcrest, Kingston, Logan Central, Logan Reserve, Loganholme, Loganlea, Marsden, Mount Warren Park, Regents Park, Rochedale South, Shailer Park, Springwood, Tanah Merah, Waterford West, Woodridge

IPSWICH: Bellbird Park, Brassall, Bundamba, Goodna, Springfield, Springfield Lakes

Consistency:
MORETON BAY: Caboolture South, Cashmere, Ferny Hills, Margate, Kippa-Ring, Murrumba Downs.

INNER: Auchenflower, Woolloongabba.

NORTH: Alderley, Ascot, Banyo, Bracken Ridge, Carseldine, Ferny Grove, Stafford Heights

EAST: Bulimba, Camp Hill, Cannon Hill, Murarrie, Wakerley, Wynnum West.

WEST: Bellbowrie, Indooroopilly, Jindalee, Moggill, Graceville, Sinnamon Park.

SOUTH: Mansfield, Runcorn, Sunnybank, Wishart

REDLAND: Mount Cotton, Wellington Point, Ormiston

LOGAN: Underwood

IPSWICH: Camira, Eastern Heights
​
Danger Markets:
INNER: Fortitude Valley (Units), South Brisbane (Units), West End (Units)
(Source: Hotspotting)

​Brisbane City Council Media Statement
August 30, 2016

Lord Mayor Graham Quirk will implement new incentives to attract more inner suburban aged care facilities to meet the challenges of providing for an aging population and help secure the future of the city’s aging residents.

The new incentives include reducing development infrastructure charges by 33 per cent for a three year period similar to the successful measures that led to about 1,000 new hotel rooms and 5,000 new student accommodation beds in recent years.

An additional two storeys will be allowed in medium and high density locations where best practice design standards are met and Council will consider proposals in privately owned sport and recreation areas but only where a clear community benefit is incorporated into the facility.

Cr Quirk said the range of incentives included future amendments to City Plan 2014 that would offer a more streamlined approach to extending or upgrading existing aged care and retirement living, as well as providing greater opportunities and better design outcomes for new facilities.
​
“The reality is we can’t just have our retirement villages and aged care facilities on the outskirts of the city – that’s not meeting the needs of our aging residents,” he said.

“It’s important that people should be able to retire and go into aged care in the areas they are familiar with, where they have their social structure and friendship, their shopping precincts and the medical and other professional services available to them.

“Many of our suburbs provide housing options for younger residents and families and we are looking to provide more accommodation options for our older local residents, so we are not left with the perverse situation where retirees do not have the facilities to stay in Brisbane.

“In the past six years there has been an average of less than 1,000 new aged care rooms and retirement units – over the next 12 years there is a forecast average annual increase of 3,600 persons that may require dedicated retirement or aged care accommodation.”

There were just 49 development approvals from 2010-2015 that delivered a combined 5,159 new aged care rooms, retirement units and aged care rooms. The current 70 plus population of Brisbane is 90,080 and projected to increase by 50 per cent to 2027.
​
Cr Quirk said Council had already made planning changes to help aged residents stay in their neighbourhoods such as increasing the permitted size of granny flats, but would go further.

“There is a strategic and growing need for these facilities in our city to cater for an aging population. Revisions to the City Plan will include a new code specifically for assessing aged care and retirement living development applications, encouraging co-location with other uses such as churches and medical facilities and revising some levels of assessment,” he said.

“The industry will be expected to meet best practice design standards including stronger open space requirements and greater connectivity with the surrounding community.
​
“These new incentives will allow Brisbane residents to remain in accommodation that is accessible to public transport, shops, healthcare and family.”

This week, Ipswich and Logan Granny Flats bring to you an inspirational article on how granny flats are becoming more and more stylish, modern and exciting. If you’re feeling like your granny flat needs a spruce up or renovation, check out what these savvy investors are doing to keep things comfortable and in-style!
Read and enjoy…

Aidan Devine | The Sunday Telegraph
October 15, 2016 

FORGET boxy backyard studios with a kitchenette — Sydney granny flats are growing ever more palatial as homebuyers sink big money into luxuries like walk-in wardrobes, hot tubs and alfresco dining areas.
​
Construction data shows homeowners are currently embarking on more granny flat projects than at any time in the city’s history, with buyers shelling up to $300,000 on their backyard homes.
The big spending followed a record slump in house sales: there are 20 per cent less freestanding houses available across the city than there was a year ago and less than half the number listed in 2011, according to Core Logic.

Amid this low listing environment, building a granny flat has become a popular alternative to moving house or investing in additional properties because the flats are easier to attain, said Bungalow Homes director Chris Willougby.

Even with luxury trimmings, the homes tend to be cheaper than other options such as apartments, which can price from $600,000 to over $1 million in some suburbs.

“It’s a popular option for families with grown-up kids,” Mr Willoughby said.
​
“A lot of parents are building granny flats hoping their children will live in them over their 20s. Some intend to eventually swap when grandkids come along. They’ll live in the granny flat and their kids will take the main house.”

Such strategies have been encouraged by affordable housing provisions set out in state planning policies in 2009. The provisions allow property owners to build granny flats bigger and better than before, without the lengthy council approval process required in other states.

“The way people think about granny flats has evolved,” Homeplusone founder Paul Rosasqui said.

“They are like mini-houses now and people want all the bells and whistles, like downlights, Caesarstone benches and big tiles.

“On some properties, the granny flat looks better than the primary house.”
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Granny flats also fulfill many people’s desire for a garden: Westpac’s Home Ownership 2016 Report, released Friday, revealed having some semblance of a backyard still remains a priority for more than half of Australian buyers.

Sue Parish, 54, typifies the flexible family living arrangements granny flats allow. She is moving into a granny flat she built out back of her sister’s Mona Vale home and said she is making the move to avoid living in an apartment.
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“I needed to move house, but after looking at the apartments available, I became certain they weren’t for me, so I paid for a granny flat,” she said.

Sophie Ly and husband Ben Bryant are putting the finishing touches to a granny flat on their Pendle Hill property after previously considering an investment property purchase.

Ms Ly said the couple decided a granny flat was less risky.
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“Everything is so expensive at the moment,” she said. “We want to see how the market goes and a granny flat seems like a safe way to park our money in the meantime.”