Business Daily Media

Will Queensland’s Granny Flat Laws Solve the Housing Problem?


Queensland’s new Granny Flat rental laws aim to ease the housing crisis – but will they? Relaxing laws around renting out your granny flat has landlords and soon-to-be landlords giddy with the notion of new streams of rental income. However, the idea of renting out a granny flat in Queensland isn’t without problems.

Granny flat rental market

With alarming statistics about the rising number of homeless older women, especially related to domestic violence and divorce, the granny flat rental market serves a greater good. Granny flats serve the ‘single or low income’ market, one that is currently under great stress in Queensland. Brisbane in particular has alarming numbers of women reporting homelessness or high risk of homelessness. New Queensland granny flat laws will help ease the stress in this market.

Granny flat rental laws lack clarity

The new Secondary Dwelling Laws provide only very vague rules for granny flat leases with an emphasis on landlords to act ethically in the negotiation of the lease. Issues around utilities, maintenance, insurance and even address information lacks clarity. Like any sudden and reactive change to a market crisis, the current laws around secondary dwelling leases are inadequate, with the Queensland RTA scrambling to catch up.

Availability and supply chain

Prior to the change in secondary dwelling laws, builders and pre-fabricated home suppliers were already experiencing project delays. The wait time on a pre-fabricated home is already up to two years and with the Queensland Government’s flood relief program putting extra demand on these companies, this change adds extra stress to an industry already under pressure. Like nature, property developers abhor a vacuum. Queensland is currently at risk of sub-standard pre-fabricated homes coming to market.

What happens when regulation hasn’t caught up with the market?

The Queensland Government has learned no lessons. From flammable insulation to collapsing water tanks and sub-par solar panel installation, the Queensland Government has a long history of knee jerk reactions with poor regulator follow up.

Just because a dwelling is brand new, doesn’t mean there can’t be issues with it. More and more we’re seeing granny flats “dumped” on properties to increase sale prices. The bigger issue with granny flats is that a pre-purchase building inspector is limited to what we can report. Buyers need to consult councils and seek legal advice before buying a property with a granny flat. In some cases, shoddy materials and workmanship cannot be detected by a property inspector so buying a property with a “rushed” granny flat poses additional risks for purchasers.” said veteran Queensland property inspector, Andrew Mackintosh.

Property

Essential Considerations Before Removing a Tree in Sydney's Inner West

Tree removal is a significant task that requires careful deliberation, especially in urban environments like Sydney's Inner West. It involves understanding legal requirements, assessing en...

Business Daily Media - avatar Business Daily Media

Why Carports are a Smart Addition for Australian Homes

Car enthusiasts and car fanatics love their vehicles a little too much. Australian weather is an enemy for vehicles since there could be rain showers or hail storms. The need for a carpo...

Business Daily Media - avatar Business Daily Media

The Ultimate Choice for Modern Kitchens

Benchtop is the chandelier of the kitchen. It is one of those pieces that is of utmost central attention. It should be aesthetically very pleasing and durable. In the meantime, it should...

Business Daily Media - avatar Business Daily Media

What Is A Property Investment Fund?

A property investment fund is a financial vehicle that allows individuals to invest in real estate properties through pooled resources. These funds offer access to a diversified portfoli...

Business Daily Media - avatar Business Daily Media

5 BENEFITS OF USING HIGH-QUALITY HEADPHONES

We all know how colorless life can be without the audio in it. And with the broad range of digital media that surrounds us wherever we go, we all ne...

Business Training

Liked and shared: How social media can elevate your customer experience

Don’t neglect this golden opportunity to connect with customers and win mind and market share. Is social media central to your business developme...

Business Training

5 Reasons Why You Should Purchase Land in Berwick Waters

Property in Berwick Waters has become an extremely sought-after commodity over the last few years, and it's not hard to see why. The perfect weath...

Property

Why Retail Stores Should Beef Up Their Security

Security should be a top priority for any retail business. Everyone wants to feel safe and confident as they go about their days, which is why hom...

Business Training

ClickFunnels Review: The Best Way to Create a Sales Funnel

The Ultimate Guide to ClickFunnels: What is it and How to Use it Whether you run a small business or are in charge of marketing for a large cor...

Business Training

ANOTHER DESIGN Is Committed To Offering Expert Stylish Brand For Real Estate Business

ANOTHER DESIGN is a rising lifestyle development group with a great reputation, widespread appeal, and high demand. They understand the busine...

Property