At present one in five (18%) of Australia’s households hold two generations and some ten percent (9%) hold three generations. These figures are expected to rise to 24% and 13%, respectively, within the next decade. Yet our analysis into this market segment has found that less than 5% of Australia’s existing housing stock successfully caters to this multi-generational market.
Hypothetically this makes sense. But I build them for a living and I can confirm that no building approval is standard anymore. All Granny’s and second dwellings trigger SOMETHING! Approval costs and time frames are blowing out. Hence why cubits went broke 2 weeks ago. They were a massive granny company. Councils are a cancer creating chaos.
This is the biggest issue and agree that Councils are the Cancer issue here. There is always something that catches the project and requires Council. We have to get them out of the way to advance the demand and balance up the equation
The ATO has rules regarding granny flats and self-contained flats. In some cases rent would have to be declared and the property partly subject to capital gains tax. Centrelink also has rules regarding how the property would be valued.
Hypothetically this makes sense. But I build them for a living and I can confirm that no building approval is standard anymore. All Granny’s and second dwellings trigger SOMETHING! Approval costs and time frames are blowing out. Hence why cubits went broke 2 weeks ago. They were a massive granny company. Councils are a cancer creating chaos.
This is the biggest issue and agree that Councils are the Cancer issue here. There is always something that catches the project and requires Council. We have to get them out of the way to advance the demand and balance up the equation
The ATO has rules regarding granny flats and self-contained flats. In some cases rent would have to be declared and the property partly subject to capital gains tax. Centrelink also has rules regarding how the property would be valued.