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High rents cause granny flat boom
Released 4 March 2011



An increase in the number of development applications for granny flats across Sydney councils has been credited to a growing trend for older children to stay in the family home longer to avoid the high-cost rental market.   

Figures compiled by NSW Planning's latest Local Development Performance Monitoring Report show that councils determined 1521 development applications for granny flats in 2009/10 compared to 1365 in 2008/09.

As rents across Sydney climb, it is believed more and more older children are staying in the family home, with granny flats offering more private accommodation.

Other reasons for the growing number of granny flat applications include the traditional housing for older relatives and home owners looking to rent out the extra space to generate supplementary cash flow.