In this episode of the Melbourne Property Podcast,hosts Lindsay and Sky sit down with property royalty - Theodore Store from Innovista Group aka the Granny Flat King. If you’re an investor looking to boost your cashflow or reaching the top of your borrowing capacity, this is an episode you won’t want to miss. Theo unpacks everything you need to know about adding a granny flat in Melbourne - from recent legislative changes, to the financial benefits, common pitfalls, council restrictions, and the real numbersbehind building costs and rental yields. By the end, you’ll understand whether a granny flat could be the key to supercharging your portfolio returns.
Topics covered
· The history of granny flats in Melbourne vsother states
· What qualifies as a granny flat in Victoria
· How granny flats impact cashflow, yields, andproperty value
· Typical rental income you can expect
· Which investor profile this would suit
· Common mistakes to avoid
· Council/zoning restrictions you need to know
· Average build costs and timeframes
· Real-world success stories
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Connect with Theodore Store – Innovista Group
Thinking about a granny flat? Connect with the Granny Flat King and be sure to mention the Melbourne Property Podcast !
📧enquiries@innovistagroup.com.au📞0402 008 993🌐innovistagroup.com.au
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