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September 3, 2016
Mum-and-dad homeowners are turning to the granny flat as a way of helping their adult kids stay on the northern beaches.
Some homeowners offer the granny flat to their children while others move into the granny flat themselves and offer the main house to the next generation.
“It will give them a headstart and save us mowing the lawn,” Maggie said.
Granny flat builder Paul Mathias of Multidwell in Brookvale said four years ago homeowners built a granny flat in the garden for a second income. Now they are offering the flat to family members who can’t buy on the northern beaches.
“Four years ago it was mostly to rent out but now people are buying them to give their children a leg up.
“Parents help their kids and when they do move out in five years or so the parents still have an investment.”
Real estate agent Andrew Strong, of LJ Hooker Collaroy, said some parents even sold up entirely to buy a house with a granny flat.
“The new owner will be looking to maximise the potential of the block,” he said.
There are 22 homes for sale on the peninsula with self-contained accommodation.
THINK THE NEXT GENERATION IN YOUR FAMILY
COULD USE A HELPING HAND?
INTERESTED IN BUILDING A GRANNY FLAT?
For more information
CALL SONIA 0403 309 136