Minutes With Mark: Granny Flat
Located in: Minutes With Mark
Many are jumping on granny flats as a way of supplementing your investment and adding value to your home. Mark talks about the real benefit of granny flats and what to ask yourself when considering this investment.
- You may compromise the value growth of the overall property
- The rental value of the frontal property may be inhibited
- Could face land tax
- Capital gains tax implications
- Talk to an accountant or advisor to crunch the figures