NSW has some of the most generous rules for granny flats in Australia, making it easy to build a separate dwelling out the back for family and friends or to make some extra cash. But does a granny flat add value to your property? Let’s look at if you should build a granny flat on your land.

Deciding on investing in a granny flat or aged care is one of the most important decisions we can make concerning the welfare of our elderly parents. While we should not compromise on their care, financial decisions also need to be weighed up as to how it will impact on the individual and the extended family over the long term.

At last weekend’s Building Design Association of Australia Awards a granny flat built on Sydney’s Northern Beaches by Tanya and Phil Deer won Best Secondary Dwelling / Granny Flat in Australia.