Understanding Newcastle granny flats as an investment strategy
This calculator is designed to be used as an indication only, and when used alone, does not constitute investment or financial advice. Backyard Granny's strongly recommened you seek the advice of a financial services professional before making any type of investment.
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.