Developer Renovator Network

Discover the Profit Potential of “Granny Flat” Developments

Discover the Profit Potential of “Granny Flat” Developments

Date:

April 30, 2024

Time:

06:30 PM

Discover the Profit Potential of “Granny Flat” Developments

New planning reforms aimed at increasing housing supply in Victoria have now made it easier to build a small second home, commonly known as a “granny flat“, on the vast majority of properties across the State. The changes, recently introduced in December 2023, mean that properties of 300 square metres or larger can have granny flat added without requiring a planning permit (with some limited exceptions).

This granny flat can then be separately rented-out for extra income – a process that was previously banned in the State.

If you’re seeking to use low-cost development strategies to create additional cashflow, or even just want to boost rental income from your existing properties, then this could be a real game-changer!

Make sure you get along to this meetup where you’ll get comprehensive insights into the planning, design, and construction of granny flats, highlighting key considerations for property developers and investors.

Discover the Profit Potential of “Granny Flat” Developments

Developing and investing in granny flats presents a unique opportunity for property investors to diversify their portfolio and maximize returns.

We’re excited to have two experts join us to share essential insights on the new rules and processes for the planning, design, construction and occupation of granny flats in Victoria, so you can unlock the full potential of this opportunity:

Planning Considerations

Speaker: David Klingberg from Smart Planning & Design

  • Changes to Planning and Building Systems: An overview of recent developments and regulatory updates affecting granny flat construction.
  • Definition of Small Second Homes: Understanding the criteria and classifications for small secondary dwellings.
  • Occupancy Regulations: Exploring the legal requirements and considerations regarding who can occupy granny flats.
  • Building a Small Second Home: Insights into location selection, permit acquisition process, and compliance with local regulations.

Building Process and Construction

Speaker: Farah Drake from Willow Grove Homes & Granny Flats

  • Granny Flat Designs: Exploring various design options tailored to different preferences and needs.
  • Permit Requirements: Navigating the bureaucratic landscape to obtain necessary permits for construction.
  • Site Readiness and Access: Assessing site accessibility and preparing for construction, including considerations for front, sides, and back access.
  • Construction Process: From laying the foundation to final finishing touches, understanding the step-by-step construction process.
  • Access to Services: Addressing the installation of essential utilities such as electrical and gas, and complying with regulatory assessments.
  • Builders Insurance and Warranty: Ensuring peace of mind through appropriate insurance coverage and understanding warranty terms.

Speakers:

David Klingberg – With over three decades of experience in urban development, town planning, and urban design, David brings unparalleled expertise to the table. His involvement in significant projects nationally and internationally, coupled with a passion for education and training, makes him a trusted authority in the field.

Farah Drake – A seasoned professional with nearly three decades in the building industry, Farah’s blend of business acumen and industry expertise makes her a go-to expert in granny flat construction. Her dedication to excellence and commitment to craftsmanship ensure high-quality outcomes for every project.

Venue details as follows

Treacy Centre: Conference Centre
126 The Avenue Parkville Vic 3052

Arrive @ 6:30pm to network with like-minded investors
(Presentations start 7:00pm. Meeting concludes 9:00pm)

Plenty of parking in the street.

FAQ’s

-> Can I bring someone else along?

Yes, you are welcome to bring anyone who is interested in property investing, renovating, developing – it’s all about learning and networking with like-minded investors. Please ask them to RSVP so that we know how many people are coming.

-> What are you selling?

Nothing, these meetups are all about learning and networking with like-minded people.

-> What are my Parking options?

Street Parking: There is plenty of parking in the street.

I look forward to seeing you

– Tony

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