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June 16 2016
GENERATION X has become the forgotten demographic in housing – but granny flats might just save the day.
While the Gen Y struggle to buy a first home has been well documented, and there has been plenty written about today’s amazing downsizing options for Baby Boomers – what about that generation sandwiched in the middle?
The parents of Gen Y still have their 27-year-old kids at home, while making some tough decisions on the care of their ageing and slightly-older-than-Boomer parents, also known as the Silent Generation.
Faced with housing a number of generations in one home (a cultural norm in some societies) gen X homeowners are turning to “dual-living options”.
Once known as the “granny flat”, these spaces are now also popular for families with adult children still living at home.
Coronis Coorparoo agent Warren Maddox said he had seen a lot of dual-living homes sold recently, and they were generally popular with buyers.
Mr Maddox is now marketing 44 Marie St, Murarrie for $549,000. The two-storey home includes a downstairs multipurpose room and a kitchenette.
Not that ceiling heights seem to bother most buyers, according to Mr Maddox.
“Most of the interest has been from families just wanting that larger space and options,” he said.
A search of listings on realestate.com.au reveals buyers wanting to spend under $1 million on a dual-living home are likely to end up with a two-storey home in Brisbane’s more established suburbs.
But, surprisingly, there are plenty of houses to choose from.
For offers over $545,000, Belle Property has listed a four-bedroom brick home at 259 Stanley Rd, Carina.
The house, which is 7.5km from the city, has three bedrooms, a bathroom, kitchen, living and dining rooms upstairs with a bathroom, kitchenette, study and utility room downstairs.
Both bathrooms have been renovated, there are built-in wardrobes and the bedrooms have ceiling fans.
There is a separate entrance plus an outdoor entertainment area.
Marketed by David Lazzarini from Ray White Lutwyche, the property at 130 Leckie Rd is priced at offers over $799,000.
Ray White agent Maree Grieve has the complete dual-living package at 12 Franklin St, Annerley, for $910,000-plus.
The freehold 1920s Queenslander has been converted to two registered flats offering plenty of options for owner-occupiers and investors.
Upstairs there are two balconies while there are patios to the downstairs residence.
For buyers over $1 million, LJ Hooker agent Jane Elvin has a renovated Queenslander at 190 Park Rd, Yeerongpilly.
The character home has high ceilings, open fireplaces and wooden floors.
Upstairs the main residence has three bedrooms, main bathroom plus an ensuite, living room, kitchen, dining, two sleep-outs and a deck.
At Sunnybank, a two-year-old brick home at 19 Wana St, Sunnybank, has a private granny flat.
The granny flat floorplan includes three bedrooms, a large living area, kitchen with plumbing for a dishwasher or washing machine, a full-sized bathroom plus an ensuite to the main bedroom.
There is a separate entry and a low-maintenance garden, offering the perfect setup for a Gen X buyer who wants to help an adult child into the property market, while maintaining privacy for everyone in the family.
ARE YOU IN NEED OF A HOUSING SOLUTION?
WANT TO BUILD A GRANNY FLAT IN SOUTH-EAST QUEENSLAND?
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