11 July 2015
"I knew it was going to be a bomb because we had 70 contracts out and 42 registered on the day," said Ray White Hornsby agent Jaime Garrick.
What was the appeal? The mere potential for a granny flat out the back because it was a 1033-square-metre block.
The state government revealed to Domain this week that over a four-year period more than 7500 secondary dwellings – most of them granny flats – had been been approved. That followed the introduction of laws in 2009 that allowed a granny flat to be approved in just 10 days.
Mr Garrick said more than a quarter of the buyers interested in the Asquith property had a granny flat in mind. "They can get an extra $450 or $500 week in rent if they build it right," he said. "And they'd spend between $120,000 and $150,000 building it."
"It's good that three generations can live together, but it's better to have a little distance between us all," Mr Leung said, laughing. "There is a bit of a generation gap."
Granny-flat builders have sprung up across the city to cope with the demand. "We're doing about four or five jobs per week," says Wally Gebrael of Granny Flat Solutions.
Robert Daoud of Master Granny Flats says business is booming. "There's just huge demand at the moment."
Although most are being built in larger backyards from in the west, north and south of the city, some are appearing in the east.
Qantas HR manager Atura Norbury, 40, and web designer Jessica Lim, 37, finished their granny flat above a garage in Randwick in February for $250,000. They're already collecting a cool $500 a week in rent.
And there's still enough room for Mitchell, six, and Zoe, three, to play in the courtyard.
"It's compact, but it's working really well," Mr Norbury said.
"And there's potential for parents to move in at some stage."