NewsBite

These days, building a granny flat could pay off big time

Lucy Slade

A granny flat used to be a term for the small backyard home built for ageing family members, but amid a housing affordability crisis, younger generations are changing its meaning as they move in instead.

Anthony Di Marino, 25, and his girlfriend Maddy Calderon, 26, moved into a granny flat at the back of Di Marino’s parents’ house at Normanhurst in Sydney’s north so they can save up for a house.

Loading...
Lucy Slade covers real estate for The Australian Financial Review, based in the Sydney newsroom. She was previously the breaking news reporter. Email Lucy at lslade@afr.com

Latest In Residential

Fetching latest articles

Most Viewed In Property

    Original URL: https://www.afr.com/property/residential/kids-can-t-afford-to-buy-a-home-a-solution-could-be-in-your-backyard-20250707-p5md25