Mission Beach Granny Flats– Do They Make Financial Sense?

Exterior of our latest Granny flat at Mission Beach

Are you considering building a Mission Beach granny flat on your property? Want to know if doing so is a good investment?

I’m Matt, a local Mission Beach carpenter.  I specialise in granny flats and, in this article, I’ll outline the benefits of investing in a Mission Beach granny flat. I’ll also take a look at the regulations for building and the steps for laying the groundwork for Granny Flat construction.

What Value Can A Mission Beach Granny Flat Add to Your Property?

A granny flat offers many potential advantages. It means you can accommodate spare family members, which is why it’s called a “granny” flat in the first place. But, of course, it’s not essential that you house your granny there. You might also stow away your bratty teenagers or gypsy cousin… Better yet, you can go a different route and use you new space to make some extra cash.

Take advantage of the spare space and rent it out.

“The major financial benefit of owning a granny flat is the extra rental income it can produce,” says, Dianne Wagner, Principal of Mission Beach First National who has lived in Mission Beach for 38 years.

Rental properties that benefit most from granny flats are those that lie within close proximity to amenities and transport hubs and that is no different of Mission Beach. These properties are in greater demand and will attract tenants. On top of the added income, you can also claim extra on your depreciation schedule, while increasing your property value.

Of course, Dianne says, there are also a number of potential risks to building a granny flat such as the project running over budget and overcapitalising. You can read more of her article here.

When investing in a granny flat in Mission Beach, you may also be spreading your income risk, according to Michael Yardney, one of Australia’s leading experts in wealth creation through property. “If you just have one investment property and it is vacant then you have no money coming in, however with a granny flat it is unlikely both properties will be vacant at the same time,” he says.

For all these reasons, granny flats Mission Beach are growing in popularity. An article by stated that “NSW Department of Planning and Environment data shows that 4818 new granny flats were built last year, nearly double the 2867 built the previous year and three times more than the 1511 built in 2010.”

Their popularity has been recently inflated due to changes in state-level legislation related to secondary dwellings, which have made it easier than ever to invest in a granny flat. The purpose of this legislation was to make housing more affordable in capital city areas.

By hiring a local Mission Beach carpenter like myself, you also get the added value of local knowledge. Legal requirements regarding land and plot sizes for granny flats vary across Australia, and I’ll go over the particulars for Mission Beach within the next sections.

Here’s a quick run down.

General Mission Beach Granny Flat Regulations

Most local councils provide a list of general regulations for granny flats. They include the following:

  • Only Residential Zone properties qualify for granny flat construction
  • The block on which the flat is built must be 450 square meters at minimum
  • Only 60 square meters of living space can be designated to the granny flat (attachments – like verandas, patios, or carports – do not count towards this)
  • A single granny flat can be built per property
  • The owner of the primary dwelling must own the granny flat
  • The granny flat can either be free-standing or attached to the primary dwelling
  • Separate, unobstructed pedestrian access to the granny flat is required
  • Property for commercial use or unoccupied land are not viable construction sites, nor are subdivided, strata title, or community title properties

How to Lay the Groundwork for Construction

Step 1.

See what is required by your local council and if your property qualifies

Before contacting a Mission Beach carpenter, you should hash out the viability and legality of building on your property, and that starts with gaining approval from your council.

“Contact the local council to find out exactly what you can and can’t do,” Steve Waters, Right Property Group buyer’s agent, advises. “What frontage you need, how many square metres you need, the zoning, whether you can put a granny flat on your property.”

You will receive a 149 certificate from your local council with this information. The certificate will lay out your entire property’s planning and zoning objectives.

Step 2.

Engage a Mission Beach carpenter for professional drafts

A Mission Beach carpenter will walk you through the process, from applying for approval to construction. Using the 149 certificate you’ve received, I’ll research the property, ensuring that we can build upon it. Then, together, we’ll design the granny flat to suit your needs.

The next step will require approval from your local council to proceed. By engaging a Mission Beach carpenter, you can present professional drawings and drafts to the council along with your application.

Step 3

Receive approval from your local council

You must fill out some forms in order to obtain a DA (Development Approval), which may take a week or two to process. Presenting them with drafts from a Mission Beach carpenter will improve your chances at receiving approval.

Step 4

Get finances in order

A $100,000 loan should be the max requirement for a granny flat, but depending on your property, the costs may be higher. If you have enough equity in your PPOR, you are likely able to refinance or increase your current loan. If not, you’ll have to consider taking out a construction loan.

Step 5

Hire a Mission Beach carpenter

This is where a Mission Beach carpenter will officially begin building. I specialize in the construction of granny flats and will not only provide you with my expertise in design, but will walk you through the application process when applying for your DA, as well as provide advice on costs and any legal issues involved.

If you have any further questions about whether your property would benefit from a granny flat or wish to inquire about my services, feel free to contact me at or give me a call on 0428 000 028 



About admin

Leave a Reply

Your email address will not be published. Required fields are marked *