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$120,000 granny flats the solution to housing crisis?

March 26, 2016

They’re sleek, beautiful, brand new and, best of all, affordable. Granny flats have had a makeover.

And agents selling the new Module Plus ‘‘glam flats’’ are expecting a big response from everyone from first-home buyers to grannies at the launch this weekend in Mona Vale.

A group of Australian architects, developers and builders have designed the new homes, which promoters are pitching as a solution to the housing crisis.

‘‘With prices around $120,000 including site costs and approval costs, Module’s very contemporary living space can transform someone from virtual poverty to absolute luxury in just 10 weeks,’’ the sales manager, James Brennan, says.

One couple has already purchased one of the Modules, which they plan to put in their back yard for their daughter and son-in-law to live in while they save a deposit for their first home.

‘‘We’ve also been approached by the New England University in Lismore who are interested in 200 Modules for student accommodation,’’ Mr Brennan said.

‘‘We didn’t realise it would be quite so big, but things are going absolutely nuts.’’

Like the young couple who have already had one bought for them, Brian Payne, 24, and Tiffany Dickens, 27, are considering a ‘‘glam flat’’ as an option while they save for their first home.

The plan is to put one in Ms Dickens’s mother’s front yard at Emu Heights near Penrith.

‘‘My mum thinks it’s a great idea because then when our family expands, we’ll move into the main house and she’ll move into the granny flat,’’ Ms Dickens says.

Mr Payne is an apprentice greens keeper for a golf club and Ms Dickens is a florist.

‘‘Florists earn between $500 and $600 a week and Brian’s an apprentice so it’s similar, so entering the housing market is going to be difficult,’’ Ms Dickens added.

‘‘Because we don’t earn a lot, something like this that’s brand new and has new amentities is quite good.’’

Mr Brennan says most councils will allow the Modules to be built as a secondary home on a property, provided the block is bigger than 450 sq metres and the residences don’t take up more than 60 per cent of the land.

‘‘The Module system is going to fly through with very little disturbance with the council,’’ he said.

They range in size from 29 to 59 square metres and can be one bedroom, two-bedroom or even four-bedroom.

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source - http://www.domain.com.au/news/120000-granny-flats-the-solution-to-housing-crisis-20130316-2g6w3/