Second Homes in Victoria
Turns an unused backyard into a dream or a goldmine
Many backyards are big enough to be repurposed to achieve great benefits. This is only available in Victoria as it is enabled by Victorian State legislation.
Extra accommodation at home or extra surplus income
A new version of the old granny flat is now possible, due to sweeping changes in Victorian property rules. Now proven and widely accepted, many are changing their investment focus to these and seeing great results.
Permit hold-ups are avoided
Every building requires a building permit, to ensure construction complies with building standards, and is usually given within a month. The big difference is that no town planning permit is needed, avoiding objections, consultants’ reports, big extra costs and terrible delays. And doubt as to whether a permit is actually obtained.
Can be 2-bedroom or 3-bedroom, whichever you choose
The main limitation is that the total building size cannot exceed 60 m2. The configuration can be whatever you choose. There are a number of choices available in regard to design and fittings. It is as permanent a structure as the house.
Versatility, as it can change from personal use to rental use
Whether you choose one use to start with, you can always change to what you would prefer to have. And if it is to be rented, it can be on a long-term or short-term basis.
See one already built before you go ahead
Nothing beats seeing the real thing. It is always worth being well aware of what you will receive. Some things can also be changed to suit your needs. You will also be given a fixed price quotation for your order.
You or your tenants can be living there in just 4 months
Just a month for the building permit and organising preliminary works, then build will be completed with 10-12 weeks. No lengthy wait.
Receive about $500 a week
If you wish to rent it out, you can rent a room to each of 2 tenants, for about $250 a week each, and they share the rest of the dwelling. That is a magnificent return on investment, making your rental property a cashflow positive investment, achieving rent well in excess of all costs.
When to buy in Victoria – Right NOW!
The Victorian property market has been greatly depressed and this has made it a great buyer’s market. Prices are down, but rentals are in great demand, So really good tenants can be chosen. Ian can explain this fully.
Get the facts. Call Ian Payne now to receive his Second Homes Guide for free.