Granny Flats Have Potential to Shake Up the Housing Market

Despite a cooling housing market over the past 12 months, many of the housing challenges that have plagued Australians in recent years show no signs of diminishing.

The latest CoreLogic Hedonic Home Value Index (April 2019) shows prices have fallen by -10.9 per cent in Sydney, -10 per cent in Melbourne and -1.9 per cent in Brisbane over the past year, but this difference is likely negligible for the thousands of home buyers who remain priced out of the market. In addition, rents continue to…