Over recent years, the granny flat market in Melbourne has experienced an unprecedented surge in popularity. Across Australia, more than 100 granny flats are being constructed every single week, reflecting a significant shift in how Australians are choosing to maximise their property space and investment potential. This boom is particularly evident in Melbourne and its surrounding suburbs, where increasing property prices, changing family dynamics, and newly incorporated (in December 2023) flexible planning regulations have combined to create the perfect environment for granny flats to flourish.
Homeowners are drawn to granny flats as a practical solution to accommodate elderly family members, young adults seeking independence, or even as a source of steady rental income. Investors recognise granny flats as an affordable way to boost property value and create additional cash flow, especially in a competitive real estate market. Innovista Group is proud to be at the forefront of this trend, delivering premium yet affordable custom granny flats that are perfectly tailored to meet the needs of Victorian homeowners and investors.
Our deep knowledge of local council regulations and commitment to quality craftsmanship mean you can trust us to help you take advantage of this growing opportunity, building a granny flat that not only meets but exceeds your expectations.
Why Are Granny Flats So Popular Right Now?
Did you know that 2024 was the first year the Granny Flats cracked the top 10 most added keywords into Domain’s real estate platform (moving up from over 20 places to the 4th most searched keyword in 2024).
Did you know that 2024 was the first year the Granny Flats cracked the top 10 most added keywords into Domain’s real estate platform (moving up from over 20 places to the 4th most search keyword in 2024). The popularity of granny flats is backed by compelling research and shifting lifestyle trends. Studies reveal that approximately one in five Australians either currently live in or have close connections with a granny flat, and this number is steadily on the rise. Several key factors are driving this growth:
- Rising property prices: As Melbourne’s housing market continues to climb, building a granny flat offers a cost-effective way to increase your property’s value without the expense of purchasing additional land or property.
- Flexible living arrangements: Granny flats provide independent living spaces for elderly parents, adult children, or guests, promoting family harmony and privacy while staying close to loved ones.
- Rental income opportunities: Many homeowners see granny flats as a reliable way to generate rental income, helping offset mortgage costs or supplement household earnings.
- Government incentives and planning reforms: Victoria has introduced more flexible planning policies, reducing the red tape and making it easier to obtain approval for granny flats, especially when built on suitable residential land.
For Melbourne residents and property investors, granny flats represent not just a housing option but a strategic investment in long-term financial security and lifestyle flexibility.
Innovista Group’s Approach To Custom Granny Flats In Melbourne
Building a granny flat is a significant decision, and at Innovista Group, we believe it should be a smooth, transparent, and highly personalised experience. Unlike cookie-cutter builders, we focus on delivering custom granny flats designed specifically for the Victorian market, ensuring compliance with all council and building regulations.
Our expertise lies in understanding the unique challenges and opportunities within the Melbourne property landscape. From initial design consultations to final inspections, our team works closely with you to create a granny flat that fits your site, lifestyle, and budget perfectly.
We offer two comprehensive packages to suit different client needs:
- Signature Package – $208,000: This option includes high-quality finishes, clever space utilisation, and energy-efficient designs that maximise comfort and functionality.
- Luxe Package – $240,000: For clients seeking premium features, luxury fixtures, and enhanced aesthetic appeal, this package elevates the granny flat experience to a new level of sophistication.
Throughout the construction process, Innovista Group incorporates multiple building surveyor inspections, a unique approach in the Melbourne market, to ensure your granny flat complies fully with the highest building standards, providing peace of mind from start to finish.
The Growing Appeal For Adaptable Living Solutions
The demand for adaptable living solutions is evolving beyond traditional granny flats. Melbourne homeowners and investors are increasingly interested in dual occupancy developments, micro/tiny homes, and SDA-compliant dwellings that cater to a broader range of lifestyles and needs.
Innovista Group specialises in delivering these innovative housing options, combining flexibility with compliance to meet both family and investment goals. Whether you are looking to create a high-yield rental property or a comfortable space for a family member with specific accessibility requirements, our adaptable living solutions offer tailored designs that enhance property value and usability.
With an emphasis on future-proofing your investment, Innovista Group’s adaptable housing options integrate smart design principles, energy efficiency, and compliance with the National Disability Insurance Scheme (NDIS) standards where required. This makes us the go-to partner for those looking to maximise their property’s potential while supporting evolving lifestyle demands.
Final Thoughts
The granny flat boom in Melbourne is more than just a passing trend; it reflects a fundamental shift in how Australians are approaching property ownership and investment. With rising housing costs, changing family structures, and supportive government policies, granny flats have become a smart, flexible, and affordable way to add value to your property and improve your lifestyle.
At Innovista Group, we’re committed to helping Melbourne homeowners and investors capitalise on this opportunity with premium custom granny flats and adaptable living solutions designed specifically for the Victorian market. Our expert knowledge, tailored designs, and rigorous compliance processes ensure your granny flat is a worthwhile investment that delivers lasting benefits.
If you’re considering joining the granny flat boom or want to explore how a custom build can work for your property, Innovista Group is here to guide you every step of the way. Get in touch with us today to start turning your property’s potential into reality.
Start your journey to smarter multi-generational living. Contact us today.
