Top 50 NSW Suburbs With Granny Flat Potential

October 19, 2023

New research published in major press uncovered there could be a million residential properties across the nation with the potential to accommodate a Granny Flat. Sydney, Central Coast and Newcastle were found to have the highest number of opportunities for Granny Flat development.

Top 50 suburbs that could accommodate a Granny Flat

  • Baulkham Hills
  • Castle Hill
  • Cherrybrook
  • Carlingford
  • West Pennant Hills
  • Frenchs Forest
  • St Ives
  • Epping
  • Wahroonga
  • Blacktown
  • Pymble
  • Wyoming
  • Bateau Bay
  • Terrigal
  • Turramurra
  • Winston Hills
  • Quakers Hill
  • Kellyville
  • Umina Beach
  • St Clair
  • St Marys
  • Beecroft
  • Seven Hills
  • Greystanes
  • Ryde
  • Narara
NSW Top 50 Sites for Granny Flats
  • Hornsby
  • Eastwood
  • Belrose
  • North Rocks
  • Kings Langley
  • Forestville
  • Cranebrook
  • Berkeley Vale
  • Killara
  • Bradbury
  • Strathfield
  • Ashfield
  • Glenmore Park
  • Thornleigh
  • Roseville
  • Gorokan
  • Mount Colah
  • Hornsby Heights
  • Avoca Beach
  • Doonside
  • Beacon Hill
  • Killarney Vale
  • Green Point
  • South Penrith
  • North Ryde
  • Allambie Heights

Extract of report from Archistar.ai. Based on research analysis from Archistar, Blackfort and CoreLogic, Granny Flats have the ability to quickly and affordably address some of the current housing crisis.

Granny Flat Tax Deductibility in Australia

Adding to the allure of Granny Flat investments is the fact that they are tax deductible in Australia, subject to specific conditions. This tax benefit further enhances the return on investment, making the proposition even more attractive. Read our Guide to Making Your Granny Flat Tax Deductible.

 

The Growing Popularity:

Property experts in Australia have noticed a growing interest in this trend. As housing stock remains tight in various states and rental prices continue to climb, more Australians are considering the benefits of incorporating a granny flat into their properties. It's not just a strategy for homeowners; it's a response to the evolving housing market.

In an era where homeownership can be financially demanding, the idea of granny flats for rental income is a promising solution. It's a trend that not only helps homeowners meet their mortgage commitments but also offers a valuable contribution to addressing housing challenges in Australia. As the property market continues to evolve, it's essential to explore innovative strategies like this to make the most of your real estate investments. Whether you're a homeowner looking for financial relief or an investor seeking attractive opportunities, the rise of granny flats as rental income sources is a trend worth exploring.

Granny Flats: A Win-Win Solution:

Granny flats, also known as accessory dwelling units (ADUs), are self-contained living spaces typically located on the same property as the main house. Historically, these units were primarily designed for aging parents or grandparents, hence the name. However, in recent years, homeowners have begun to recognize their potential as rental income generators.

Here's how this strategy works::

  1. Extra Rental Income: By renting out the granny flat, homeowners can generate an additional source of income, which can help offset their mortgage repayments. This supplementary income can significantly ease the financial burden of homeownership.
  2. Increased Property Value: Granny flats can also add substantial value to a property, potentially increasing its resale value. Buyers are often attracted to homes that offer flexibility in terms of rental income or accommodation for extended family members.
  3. Flexible Usage: These separate units are versatile and can be used to accommodate family members, friends, or tenants. This flexibility makes them highly appealing to a wide range of potential occupants.
  4. Addressing Housing Shortages: In a market where affordable housing is in high demand, offering a granny flat for rent can provide a practical solution to renters while also contributing to alleviating housing shortages in the community.
  5. Tax Benefits: Depending on local regulations and tax laws, homeowners may be eligible for tax incentives or deductions related to their granny flat rental income.

If you would like to explore whether a Granny Flat could help your financial situation, Cubitt’s offer a completely free feasibility study and quote based on detailed onsite assessments. They operate across the East coast of NSW from Taree to Moruya, west into the highlands and Blue Mountains and cover all of the ACT. Visit a showroom or call 1300 721 150.

Free On-Site Assessment at Your Property

Interested in finding out how to make a positive investment from a Cubitt's Granny Flat or Home Extension? Get in touch for a no-obligation site inspection today.

If you are looking to purchase a new property and want to do a Granny Flat Suitability Check - please use this form instead.

We require your name, email and phone number to get back to you - and the more you can tell us about your build project, the more effectively our local teams can help.

VIEW MORE OF OUR

Recent Blogs

ACT Land Zone RZ1 – You Can Now Build a Dual Occupancy up to 120m and Subdivide Your Block

ACT Canberra residential zone 1 (RZ1) blocks measuring 800 square meters or more are now eligible for the construction of two homes. Here is a quick FAQ on some elements of this change to help you start planning your ACT Dual Occupancy

Read More about ACT Land Zone RZ1 – You Can Now Build a Dual Occupancy up to 120m and Subdivide Your Block

End of Year Sale! $10k Cashback Offer When You Sign in 2023

To set up our schedule for 2024 we are offering an amazing $10k off your tender price while it’s still valid.

Read More about End of Year Sale! $10k Cashback Offer When You Sign in 2023

Top 50 NSW Suburbs With Granny Flat Potential

There could be a million residential properties across the nation with the potential to accommodate a Granny Flat. Is your suburb on the top 50 list?

Read More about Top 50 NSW Suburbs With Granny Flat Potential

Stickybeak – Three Bedroom Granny Flat “The Hamilton”

Take a stickybeak at this Coastal built three bedroom Granny Flat. The highlight of the home is its well-appointed kitchen with a prominent island bench, perfect for entertaining. The central open-plan living area fosters a warm and communal atmosphere, allowing for easy interaction and shared moments with loved ones.

Read More about Stickybeak – Three Bedroom Granny Flat “The Hamilton”

Beating the Rate Race: Investors with Granny Flats Have Better Return

Discover the emerging trend of homeowners utilising granny flats for rental income in Australia’s competitive real estate market. Learn how this strategy can help cover mortgage costs while addressing housing challenges.

Read More about Beating the Rate Race: Investors with Granny Flats Have Better Return

Designing Dreams: Meet Jasmin, Design Manager at Cubitt’s

In the world of design, creativity knows no boundaries, and every career has a unique trajectory. Meet Jasmin, a talented designer on Cubitt’s Design Team, whose journey commenced in 2014. Her initial projects involved collaborating with builders to craft high-end custom residences, emphasising the importance of aligning designs with clients’ needs and tastes. Jasmin now helps clients at Cubitt’s turn the home they live in, into their forever home.

Read More about Designing Dreams: Meet Jasmin, Design Manager at Cubitt’s

About Kate Cubitt

Kate is Managing Director of Cubitt's. She is an experienced company director, avid investor and keen to share the financial insight she's gained being a female leader in the building industry.