Finance Your Granny Flat

Incredible options for the Average Joe

Fact: According to the Australian Tax Office, there are 1.7 million private landlords in Australia, and over a quarter of these individuals own more than one investment property.

Think about it – 1.7… million people effectively own an investment property. Without getting into the math, that more or less translates to 10 percent of population.

In addition, the largest group of Australian property investors are not on high incomes. In fact, they have a taxable income between $30,001 and $75,000.

Interesting stuff, hey?

We say this because for decades, there seems to be this cultural misconception that property investing is purely just “for the über rich” – like, so Ferrari in the garage rich.

It’s simply not the case.

Successful property investment centres on having a personalised game plan. It’s not a get-rich-quick scheme, and those who view it that way, tend to stare down the barrel of poor decisions and regret sooner than later.

But investing in residential property the right way can work, and it can work for you.

Yes, you!

Help me become a landlord

Getting up to speed with Granny Flats

A Granny Flat is a self-contained home constructed on an existing property as a secondary dwelling.

These flats can be attached frameworks, although it’s more common to install a stand-alone, detached structure.

In NSW, an approved Granny Flat and its existing home can be rented to separate tenants, providing you with potentially two sources of investment income.

For regular lots, Granny Flat tenants can access their unit down one side of the home, ensuring a degree of privacy for both occupants. In addition, the rear yard is divided using fencing to provide truly separate living arrangements for you and/or your tenant(s).

For corner allotments, the Granny Flat is constructed so the tenant has his/hers own street access and driveway, and the property is divided with a fence between the two dwellings.

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Granny flat benefits

A successful and well-planned Granny Flat investment has the potential to:

  • Pay itself off in five to seven years;
  • Provide a steady income once paid off;
  • Make money using wasted yard space;
  • Increase the value of your property immensely;
  • Maximise your rental return;
  • Be a great tool for negative gearing;
  • Be council approved in 10 days – subject to the site; and
  • Provide a long term investment solution.

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Our role

Positive Real Estate is there to both coach and help you manage the entire investment process. Positive’s main attraction is that our expert coaches have access to some of the best buys around Australia – including off-the-plan projects – while utilising (arguably) some of the most effective and telling statistics on the market.

We’re we fit in is, after selecting your investment, our job is to broker a great mortgage loan at a manageable rate by negotiating with the most appropriate lender on your behalf, according to your income and lifestyle.

We do not charge you for our services. Yep, zilch, zero, nil, not a dime.

Our advice to you is also free.

Now, we know what you’re thinking, and the answer is yes, we still do get paid. Lenders pay us, like many other mortgage brokers, a commission for the loans they write. And this payment is only received after your loan settles.

Essentially, we work with you to find the best loan at the best rate, and the lenders pay us a commission for bringing them new business (i.e. your mortgage repayments), so there really is nothing to lose by having a chat to us and understanding your options.

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The Positive Granny Flat Process:


For more information on financing Granny Flats, or to book an obligation-free, complimentary financial health check with Positive Financial Services Director, George Nori, please click button below.

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