Like most property industry observers, Central Coast Designer granny flats is acutely aware that Sydney property prices are increasingly becoming too steep for many buyers. This is a key factor in the Central Coast region appealing to property investors, families and empty-nesters keen to secure their financial future through smart investment.
A renowned lifestyle region, the Central Coast is home to major commercial hubs such as Gosford and Wyong, and beautiful coastal locations including Avoca Beach, Terrigal and The Entrance.
With its close proximity to Sydney – just over an hour-and-a-half drive – large transport network, strong rental track record and high-quality affordable housing, the region’s population is expected to grow by 80,000 over the next 15 years.
Of the Coast’s 330,000 residents, close to 30 per cent live in rental accommodation. The median rent for houses is $350 per week and the median rental yield is 3.9% for houses and 4.4% for units, surpassing that of Greater Sydney. These statistics demonstrate a great opportunity for property owners to maximise the value of their land by investing in a granny flat.
At Central Coast Designer granny flats, we are passionate about creating high quality, affordable granny flats that are designed to achieve the ultimate return on investment while meeting the wide range of needs of our clients.
Building a granny flat on your property is the perfect option for investors who are looking for a low-risk, high-yielding investment.
The Central Coast region is also increasing in popularity for retirees and families, and a granny flat provides a great opportunity to create a separate home for older parents or a teenage retreat to keep the family together while maintaining an element of independence.
Professionals eager for a lifestyle change while maintaining their business interests can create the ideal home office based on one of the architecturally designed granny flats. While those of a more creative bent can establish a custom-designed home studio that will offer seclusion from the main home to eliminate distractions.
The region is also a key area for holiday makers and smart property owners are making the most of their asset by adding a granny flat to let as a holiday rental. During peak seasons in particular, owners are able to generate lucrative returns that can sustain the care and maintenance of their granny flat year-round.
For whatever the purpose, building a designer granny flat in the beautiful Central Coast region is a smart investment.