Build A Granny Flat With Devplex!
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An Affordable Home In Your Backyard
Devplex has an affordable solution for those looking to downsize, add value to their land, or create an independent living space.
With our granny flats, you’ll be able to build a private home in your own backyard!
Granny flats are self-contained units built on the same block as your house. They are incredibly cost-effective and provide all the amenities needed to live comfortably.
So let us make the most out of your backyard, as Devplex specialises in simplifying the complex.
High Yield Property Investments
Granny Flats are becoming increasingly popular as a quick way to “Value Add” to an Investors Property Portfolio. Perth is currently experiencing an huge under supply of available Rental properties in the market place, with REIWA predicting Perth will have a shortfall of 20,000 homes within the next 4 years.
Granny Flats have been shown to provide a Cashflow Positive investment and can produce a High Yield returns in some cases.
With building timeframes increasing due to the various pressures in the building industry, another advantage is the quick turnaround to get a Granny Flat to site. Subdivision of the block is not required and in most cases, the only approval required is a building permit. This allows Devplex to hand over to the Investor much more quickly, ready to start earning them money sooner.
Multi-Generational Living
As the dynamic of families continue to evolve, alternative solutions for living arrangements are becoming increasingly popular. Families are now considering alternative solutions to traditional nursing homes, where older parents are still able to be involved with their family, and cared for in a more caring manner. A Granny Flat is a cost effective option compared to the initial and ongoing costs of a placing them in a Nursing Home.
As housing becomes harder to obtain for the next generation, young people are increasingly leaving home when they are older. Whether it’s teenagers that require their own independent living space, or young adults that are saving for their own property one day, a Granny Flat can meet these needs.
A Granny Flat can then be converted to an Income Generating Property Investment once a family’s needs have been met and their circumstances change.
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*All information provided is subject to all relevant or local government approval.
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