Building regulations in most areas of Australia enable property owners to build a complying granny flat on their land that already has a dwelling. They have become extremely popular with many retiring baby boomers who cash in their homes and build on one of their children’s or relative’s properties. This can free up cash to supplement their pension or help one of their kids with an equity loan or gift to enable them to buy their own home.
Storybook have been designing fantastic granny flats for decades, just because they are usually small doesn’t mean that they can’t be beautiful and exciting to live in. We believe in families helping each other in this way and our consultants are experienced in offering suggestions about how to go about engaging professionals to set up the legal framework to protect the financial implications for all involved family members.