Granny Flat Gold Coast

Hi Jimmy,

I too have a property on the Gold Coast (Isle of Capri) and am looking at an attached ‘granny flat’ on the upper level.

Gold Coast Council do allow a secondary dwelling to be created and they call it an ‘MCU’ which means a’Material Change of Use’ application under their development policy. Their policies are actually quite supportive of these types of extensions and conversions BUT they make it very clear that you cannot separately rent-out a granny flat in the Gold Coast Municipality.

See their ‘fast-track’ page for attached family accommodation here: http://www.goldcoast.qld.gov.au/planning-and-building/fast-tracking-family-accommodation-10208.html

This may change in the future, particularity as neighboring Councils in Ipswich and recently, Logan have allowed granny fats to be rented out to randoms.

Gold Coast Council have a fast-track system which many Sydney Council’s would be wise to duplicate but that’s another story haha!

Serge.

• This reply was modified 10 years, 6 months ago by  Brazen.

Hi Serge!
Do you know if the same applies to the Sunshine Coast?

And is the process easier or more difficult than NSW? (in regards to splitting a house or building a granny flat)

Thanks.

Hi Serge,

Just to clarify under the present planning scheme for Logan City Council I don’t believe you can rent out a granny flat separately. The council currently says the main house and granny flat must form 1 household. This is expected to change with the new planning scheme where they will be introducing dual occupancy (dual key). However it is now with state government so there could be a change, I’m currently waiting to see what happens.

Cheers
Rudra

Dear investors,

Could you tell me if it is possible to rent out a main property and live in a granny flat myself?

I’m going to buy my first investment property in 2016 and it would be a nice opportunity to save more money for the 2nd one.

Best regards
Alexander

Definitely buy a house with a granny flat if you can. We did that 20 years ago and it enabled us to really fast-track our mortgage repayments over 5 years. To give you an idea, we bought the property for 200k, kept it for 5 years as owner occupiers. In that time the granny flat was rented for $150 per week and was never vacant. The property also went up in value and we sold it for 375k. The income from the flat over the 5 years totalled $39,000 which was a 20% return on our outlay. Remember too that interest rates at that time were never lower than 8%……We were then able to save the deposit for a second property very quickly which was the beginning of accumulating a much bigger portfolio.

RussianAussie (QLD) wrote:

<div class=”d4p-bbt-quote-title”>Catalyst wrote:</div>
pree-vyet
If it is legal to rent out the granny flat you could rent out the main house instead. I have a friend who rents out his granny flat. He intends to move into it later in life and rent out the house.
Great idea which will bring a good income.

It’s illegal actually :(
Gold Coast Council says very clear that you cannot separately rent-out a granny flat in the Gold Coast Municipality.
Can I rent out main dwelling instead of granny flat? And live in granny flat myself?

Best regards
Sander

As I said IF IT IS LEGAL. You piggy backed this thread and did not say where YOUR granny flat was located. Hence my statement about IF IT WAS LEGAL to rent the granny flat. If it is not legal then that is your answer. If you read the legislation it will state the rules. Probably along the lines of not renting to an unrelated party. So the same would be true whether renting the house OR the granny flat.