Understanding Newcastle granny flats as an investment strategy
Granny flats are a great investment addition to a property portfolio. We can say this confidently, as we have seen dozens of our clients get a positive return on their investment.
The team at Mortgage Partners Australia have looked into this in detail and found that it’s a great way to convert a negatively geared property to positively geared, with minimal capital outlay.
They lay out a scenario whereby the yield of the example property shifts from 8.59% to 15.18% with the addition of a granny flat 100 per cent financed at $125,000.
If you are a savvy property investor we urge you to read this article – just click here.
And if you would like to discuss building a Newcastle granny flat, please contact us.