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Granny flats Where are the greatest opportunities for development Released June 2019

Granny flats - Archistar.ai Property...granny flats across Sydney, Melbourne and Brisbane. Sydney is home to the most granny flat development opportunities, with 233,220 existing residential

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Page 1: Granny flats - Archistar.ai Property...granny flats across Sydney, Melbourne and Brisbane. Sydney is home to the most granny flat development opportunities, with 233,220 existing residential

Granny flatsWhere are the greatest opportunities for development

Released June 2019

Page 2: Granny flats - Archistar.ai Property...granny flats across Sydney, Melbourne and Brisbane. Sydney is home to the most granny flat development opportunities, with 233,220 existing residential

© Copyright 2019. CoreLogic and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) the CoreLogic Data contained in this publication. All rights reserved.

2 | CoreLogic Archistar Granny Flats June 2019

Introduction 3

Why build a granny flat? 4

Sydney 5

Top 20: Most number of properties for granny flat........................................................................... 6

Top 20: Highest proportion of properties for granny flat............................................................... 7

Melbourne 8

Top 20: Most number of properties for granny flat........................................................................... 9

Top 20: Highest proportion of properties for granny flat............................................................... 10

Brisbane 11

Top 20: Most number of properties for granny flat........................................................................... 12

Top 20: Highest proportion of properties for granny flat............................................................... 13

Contents

Page 3: Granny flats - Archistar.ai Property...granny flats across Sydney, Melbourne and Brisbane. Sydney is home to the most granny flat development opportunities, with 233,220 existing residential

Across the Australia’s three largest cities there is the capacity to introduce around 583,440 self-contained two bedroom units (i.e. granny flats) as an addition to existing dwellings, providing home owners with an opportunity to increase the value of their property as well as attain additional rental income or provide housing for a family member.

An analysis by Archistar and CoreLogic, based on planning controls and existing properties on individual lots, highlights the untapped development potential for granny flats across Sydney, Melbourne and Brisbane.

Sydney is home to the most granny flat development opportunities, with 233,220 existing residential dwellings fitting both the zoning and land area requirements to build a granny flat. Despite being the third largest city, Brisbane has the second largest potential for granny flat development, with 204,600 properties showing suitable criteria. Although having a larger number of dwellings and larger population, there are fewer granny flat development opportunities in Melbourne (145,625) due to stricter town planning regulations.

What is a granny flat?

For the purposes of this report we have assumed a granny flat to be a self-contained two bedroom/one bathroom dwelling of at least 60 square meters.

How do we know where a granny flat can and can’t be built?

Granny flats can’t be built just anywhere. The property must have appropriate town planning rules, the land area needs to be large enough to accommodate the new dwelling and the existing property must be located in a position that allows for the development.

Using proprietary data assets and technologies, Archistar has assessed every property across Sydney, Melbourne and Brisbane to determine whether individual properties have the potential to develop a granny flat.

Across Australia’s three largest cities there is the opportunity to build more than half a million granny flats.

Introduction

© Copyright 2019. CoreLogic and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) the CoreLogic Data contained in this publication. All rights reserved.

CoreLogic Archistar Granny Flats June 2019 | 3

Page 4: Granny flats - Archistar.ai Property...granny flats across Sydney, Melbourne and Brisbane. Sydney is home to the most granny flat development opportunities, with 233,220 existing residential

© Copyright 2019. CoreLogic and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) the CoreLogic Data contained in this publication. All rights reserved.

4 | CoreLogic Archistar Granny Flats June 2019

Why build a granny flat?There are plenty of reasons to build a granny flat… but most people are either looking for extra space or additional income.

There are a variety of reasons a homeowner may choose to build a granny flat on their existing property.

With housing affordability remaining tough, especially for first home buyers, kids are tending to stay home longer. For some families, having the grown up kids under the same roof can be a challenge, but housing them in a self-contained unit provides more space for the family, improves privacy for everyone and helps to provide some independence.

Other homeowners may simply be looking to supplement their revenue. With the growing popularity of short term rental sites like AirBnB as well as more traditional rental options, a granny flat could pull in an extra few hundred dollars a week of income, if not more.

Investors are always looking for ways to improve their yield, and a granny flat could provide an additional source of rental income to supplement or boost their overall yield.

Additionally, state and local governments are looking for ways to accommodate the growing population, tackle housing affordability and boost infill development close to existing infrastructure such as railways, bus routes and major road networks.

What sort of value could a granny flat add to a property?

Analysis from CoreLogic shows an extra two bedrooms and additional bathroom could add around 30% to the value of an existing dwelling. That means for a house worth $500,000, building a granny flat could add around $150,000 to the value of the property.

Will a granny flat provide me with rental income?

CoreLogic figures show a two bedroom self-contained apartment could add an additional 27% in rent each week, contributing more than one percentage point to the overall gross yield of the property.

Page 5: Granny flats - Archistar.ai Property...granny flats across Sydney, Melbourne and Brisbane. Sydney is home to the most granny flat development opportunities, with 233,220 existing residential

© Copyright 2019. CoreLogic and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) the CoreLogic Data contained in this publication. All rights reserved.

CoreLogic Archistar Granny Flats June 2019 | 5

Archistar has identified 233,218 properties across the Sydney metro area that are suitable for developing a granny flat, representing 15.9% of all properties across the metro region.

Across the council regions of Sydney, the Central Coast council shows the most potential for granny flat development, with 24,540 properties showing suitable characteristics. Blacktown (18,617), The Hills Shire (15,765), Northern Beaches (15,617) and Hornsby (14,782) round out the top five council areas for best development opportunities.

Sydney

Page 6: Granny flats - Archistar.ai Property...granny flats across Sydney, Melbourne and Brisbane. Sydney is home to the most granny flat development opportunities, with 233,220 existing residential

© Copyright 2019. CoreLogic and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) the CoreLogic Data contained in this publication. All rights reserved.

6 | CoreLogic Archistar Granny Flats June 2019

Sydney

Suburb City Council area

Potential Granny Flat Properties

% Potential Granny Flat Properties

Average land area

Average distance from GPO

Median value

Median weekly rent

Gross rental yield

Castle Hill Sydney The Hills Shire 4,670 40.8% 847 24.7 km $1,297,649 $680 2.7%

Baulkham Hills Sydney The Hills Shire 4,462 41.0% 759 24.3 km $1,020,609 $595 3.0%

Carlingford Sydney Parramatta 2,783 41.4% 796 18.1 km $1,214,304 $630 2.7%

Cherrybrook Sydney Hornsby 2,515 44.8% 787 22.1 km $1,297,973 $770 2.9%

West Pennant Hills Sydney The Hills Shire 2,398 41.8% 994 20.8 km $1,402,049 $750 2.7%

Blacktown Sydney Blacktown 2,347 17.7% 614 30.1 km $627,888 $435 3.5%

Frenchs Forest Sydney Northern Beaches 2,038 41.5% 752 13.5 km $1,364,560 $900 3.4%

St Ives Sydney Ku-Ring-Gai 2,025 40.1% 1,035 16.0 km $1,748,450 $1,100 3.2%

Wahroonga Sydney Ku-Ring-Gai 1,952 34.7% 1,236 18.5 km $1,772,588 $950 2.8%

Epping Sydney Parramatta 1,913 32.5% 746 16.3 km $1,423,443 $680 2.5%

Ryde Sydney Ryde 1,839 29.6% 631 11.1 km $1,288,964 $698 2.7%

St Clair Sydney Penrith 1,820 27.9% 638 39.9 km $610,622 $450 3.9%

Kellyville Sydney The Hills Shire 1,818 14.8% 607 28.9 km $1,039,980 $650 3.3%

Seven Hills Sydney Blacktown 1,804 25.4% 638 27.2 km $663,065 $450 3.4%

Quakers Hill Sydney Blacktown 1,760 21.8% 551 33.0 km $663,952 $490 3.6%

Turramurra Sydney Ku-Ring-Gai 1,757 45.0% 1,071 16.8 km $1,811,374 $990 2.9%

Pymble Sydney Ku-Ring-Gai 1,642 43.8% 1,095 15.1 km $2,016,212 $1,200 2.8%

Eastwood Sydney Ryde 1,583 31.8% 727 14.3 km $1,473,067 $720 2.4%

Greystanes Sydney Cumberland 1,536 19.5% 576 24.7 km $728,637 $550 3.6%

Beecroft Sydney Hornsby 1,436 44.1% 1,034 18.6 km $1,448,732 $785 2.6%

Top 20: Sydney suburbs with the most number of properties for granny flat development opportunities

Page 7: Granny flats - Archistar.ai Property...granny flats across Sydney, Melbourne and Brisbane. Sydney is home to the most granny flat development opportunities, with 233,220 existing residential

© Copyright 2019. CoreLogic and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) the CoreLogic Data contained in this publication. All rights reserved.

CoreLogic Archistar Granny Flats June 2019 | 7

Sydney

Buyers looking for the most opportunities to build a granny flat might be attracted to The Hills Shire, where Castle Hill and Baulkham Hills top the list of Sydney suburbs with the most opportunities. However, with a typical price tag over one million dollars for a house, many buyers may be attracted to development opportunities in more affordable suburbs around Blacktown or Penrith where house values are typically under the million dollar mark.

On a proportional basis, only one suburb across Sydney shows more than half the properties have the potential to build a granny flat. Of the 332 properties analysed across Denistone West, 50.3% have the potential to build a granny flat.

Suburb City Council area

Potential Granny Flat Properties

% Potential Granny Flat Properties

Average land area

Average distance from GPO

Median value

Median weekly rent

Gross rental yield

Denistone West Sydney Ryde 167 50.3% 682 14.3 km $1,358,616 $700 2.5%

Davidson Sydney Northern Beaches 459 47.0% 793 14.2 km $1,439,330 $1,098 3.5%

Glen Alpine Sydney Campbelltown 774 46.9% 853 46.1 km $648,368 $560 3.7%

East Ryde Sydney Ryde 413 46.7% 626 9.4 km $1,381,574 $850 3.0%

Denistone Sydney Ryde 559 46.5% 827 13.2 km $1,456,106 $693 2.4%

Riverview Sydney Lane Cove 480 46.5% 665 6.6 km $2,282,509 $1,563 2.6%

Killara Sydney Ku-Ring-Gai 1,277 46.0% 1,065 12.1 km $2,190,344 $1,170 2.5%

Turramurra Sydney Ku-Ring-Gai 1,757 45.0% 1,071 16.8 km $1,811,374 $990 2.9%

Cherrybrook Sydney Hornsby 2,515 44.8% 787 22.1 km $1,297,973 $770 2.9%

Normanhurst Sydney Hornsby 780 44.5% 798 19.0 km $1,109,647 $700 3.2%

Warrawee Sydney Ku-Ring-Gai 416 44.3% 1,395 17.5 km $2,046,284 $1,250 2.6%

Beecroft Sydney Hornsby 1,436 44.1% 1,034 18.6 km $1,448,732 $785 2.6%

Pymble Sydney Ku-Ring-Gai 1,642 43.8% 1,095 15.1 km $2,016,212 $1,200 2.8%

Hornsby Heights Sydney Hornsby 986 43.5% 849 24.6 km $934,672 $650 3.6%

Cheltenham Sydney Hornsby 417 42.6% 1,142 17.2 km $1,594,892 $875 2.5%

East Lindfield Sydney Ku-Ring-Gai 530 41.8% 968 11.2 km $2,309,959 $1,200 2.5%

West Pennant Hills Sydney The Hills Shire 2,398 41.8% 994 20.8 km $1,402,049 $750 2.7%

Frenchs Forest Sydney Northern Beaches 2,038 41.5% 752 13.5 km $1,364,560 $900 3.4%

North Rocks Sydney Parramatta 1,203 41.5% 778 20.3 km $1,110,960 $650 2.8%

Carlingford Sydney Parramatta 2,783 41.4% 796 18.1 km $1,214,304 $630 2.7%

Top 20: Sydney suburbs with the highest proportion of properties for granny flat development opportunities

Page 8: Granny flats - Archistar.ai Property...granny flats across Sydney, Melbourne and Brisbane. Sydney is home to the most granny flat development opportunities, with 233,220 existing residential

© Copyright 2019. CoreLogic and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) the CoreLogic Data contained in this publication. All rights reserved.

8 | CoreLogic Archistar Granny Flats June 2019

Melbourne

Archistar has identified 145,625 properties across the Melbourne metro area that are suitable for developing a granny flat, representing 7.3% of all properties across the metro region.

Across the council regions of Melbourne, the largest development opportunities for granny flats are skewed towards the east and south east of the city. The Manningham council area tops the list for properties with an opportunity to develop a granny flat, with 11,612 properties within the council area fitting development criteria. The council areas of Casey (11,580), Knox (10,292), Mornington Peninsula (9,594) and Yarra Ranges (9,425) round out the top five council areas for potential properties.

Page 9: Granny flats - Archistar.ai Property...granny flats across Sydney, Melbourne and Brisbane. Sydney is home to the most granny flat development opportunities, with 233,220 existing residential

© Copyright 2019. CoreLogic and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) the CoreLogic Data contained in this publication. All rights reserved.

CoreLogic Archistar Granny Flats June 2019 | 9

MelbourneTop 20: Melbourne suburbs with the most number of properties for granny flat development opportunities

Suburb City Council area

Potential Granny Flat Properties

% Potential Granny Flat Properties

Average land area

Average distance from GPO

Median value

Median weekly rent

Gross rental yield

Mount Eliza Melbourne Mornington Peninsula 2,584 33.6% 1,601 43.4 km $1,161,700 $660 3.0%

Eltham Melbourne Nillumbik 2,489 30.2% 862 20.3 km $927,299 $520 3.1%

Mount Martha Melbourne Mornington Peninsula 2,354 25.1% 980 50.7 km $926,573 $550 3.2%

Glen Waverley Melbourne Monash 2,322 13.7% 674 19.6 km $1,208,150 $520 2.3%

Rowville Melbourne Knox 2,196 17.1% 705 28.0 km $802,932 $470 3.3%

Frankston Melbourne Frankston 2,159 11.2% 620 40.6 km $565,835 $390 3.7%

Doncaster East Melbourne Manningham 2,156 17.4% 648 17.9 km $1,129,297 $550 2.7%

Greensborough Melbourne Banyule 2,076 21.6% 669 17.7 km $762,098 $460 3.4%

Mount Waverley Melbourne Monash 2,076 13.0% 648 16.2 km $1,198,321 $520 2.3%

Templestowe Melbourne Manningham 2,015 29.2% 1,099 17.3 km $1,250,455 $650 2.7%

Endeavour Hills Melbourne Casey 1,963 21.5% 655 31.7 km $627,915 $390 3.4%

Wheelers Hill Melbourne Monash 1,818 24.4% 740 22.2 km $1,023,441 $520 2.7%

Berwick Melbourne Casey 1,744 9.0% 630 41.8 km $662,202 $420 3.4%

Frankston South Melbourne Frankston 1,691 22.7% 1,088 42.2 km $821,344 $475 3.1%

Mooroolbark Melbourne Yarra Ranges 1,659 17.1% 836 31.8 km $692,660 $425 3.4%

Ferntree Gully Melbourne Knox 1,619 12.9% 794 28.8 km $670,210 $423 3.4%

Doncaster Melbourne Manningham 1,581 16.9% 669 14.3 km $1,190,648 $548 2.6%

Templestowe Lower Melbourne Manningham 1,490 24.8% 610 14.1 km $1,092,526 $530 2.7%

Boronia Melbourne Knox 1,472 12.4% 722 28.5 km $676,790 $408 3.3%

Mornington Melbourne Mornington Peninsula 1,471 10.6% 654 47.1 km $790,265 $480 3.6%

Page 10: Granny flats - Archistar.ai Property...granny flats across Sydney, Melbourne and Brisbane. Sydney is home to the most granny flat development opportunities, with 233,220 existing residential

© Copyright 2019. CoreLogic and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) the CoreLogic Data contained in this publication. All rights reserved.

10 | CoreLogic Archistar Granny Flats June 2019

Melbourne

The Mornington Peninsula suburb of Mount Eliza tops the list for offering up the most properties with granny flat development potential. With an average land area of 1,601 square metres, the large lot sizes and local plan are key factors providing development potential. The most affordable suburb within the top 20 is Frankston where the median house value is just $565,835 and there are 1,088 properties where a granny flat could be added.

From a proportional perspective, the Mornington Peninsula suburb of Merricks Beach shows the most opportunity for granny flat development. 47.3% of properties are suitable for developing a granny flat in this suburb, with a typical buy in value of just under $807,000.

Suburb City Council area

Potential Granny Flat Properties

% Potential Granny Flat Properties

Average land area

Average distance from GPO

Median value

Median weekly rent

Gross rental yield

Merricks Beach Melbourne Mornington Peninsula 133 47.3% 1,012 66.2 km $806,779 $493 2.9%

North Warrandyte Melbourne Nillumbik 529 44.2% 2,513 24.3 km $917,681 $600 3.6%

Tecoma Melbourne Yarra Ranges 495 42.4% 1,191 34.9 km $656,906 $480 3.8%

Warrandyte Melbourne Manningham 961 40.6% 1,269 22.9 km $1,127,855 $735 2.7%

Upwey Melbourne Yarra Ranges 1,243 40.2% 1,392 33.9 km $670,622 $445 3.7%

Somers Melbourne Mornington Peninsula 523 38.9% 1,214 66.7 km $797,356 $599 3.2%

Belgrave Melbourne Yarra Ranges 778 38.2% 1,412 36.1 km $635,876 $483 3.9%

Lysterfield South Melbourne Casey 126 37.3% 2,663 31.7 km $844,942 $800 2.7%

Park Orchards Melbourne Manningham 558 36.8% 2,405 22.4 km $1,304,718 $698 2.4%

Shoreham Melbourne Mornington Peninsula 248 34.9% 1,292 68.3 km $985,965 $1,250 3.0%

Eltham North Melbourne Nillumbik 955 34.4% 1,135 20.0 km $909,172 $595 3.2%

Mount Eliza Melbourne Mornington Peninsula 2,584 33.6% 1,601 43.4 km $1,161,700 $660 3.0%

Warranwood Melbourne Maroondah 605 32.9% 1,108 25.5 km $888,660 $598 3.2%

Avonsleigh Melbourne Cardinia 127 32.6% 1,293 46.4 km $619,269 $430 3.8%

Upper Ferntree Gully Melbourne Knox 520 30.7% 1,095 31.9 km $662,205 $420 3.6%

Eltham Melbourne Nillumbik 2,489 30.2% 862 20.3 km $927,299 $520 3.1%

Cockatoo Melbourne Cardinia 661 29.5% 1,740 48.6 km $615,124 $370 3.7%

Templestowe Melbourne Manningham 2,015 29.2% 1,099 17.3 km $1,250,455 $650 2.7%

The Basin Melbourne Knox 548 28.7% 952 31.0 km $623,389 $440 3.8%

Balnarring Beach Melbourne Mornington Peninsula 138 28.6% 866 65.7 km $837,684 $430 3.1%

Top 20: Melbourne suburbs with the highest proportion of properties for granny flat development opportunities

Page 11: Granny flats - Archistar.ai Property...granny flats across Sydney, Melbourne and Brisbane. Sydney is home to the most granny flat development opportunities, with 233,220 existing residential

© Copyright 2019. CoreLogic and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) the CoreLogic Data contained in this publication. All rights reserved.

CoreLogic Archistar Granny Flats June 2019 | 11

Brisbane

Archistar has identified 204,598 properties across the Brisbane metro area that are suitable for developing a granny flat, representing 21.6% of all properties across the metro region.

Most of the granny flat development potential is within the Brisbane council region, where there are 93,026 properties suitable for a granny flat build. Although the Brisbane council represents the most opportunities to develop a granny flat, the Logan and Ipswich councils show a much higher proportion of properties that are suitable for granny flat development. 25.8% of Logan properties are suitable for granny flat development, while 25.1% of Ipswich properties fit the development criteria.

Page 12: Granny flats - Archistar.ai Property...granny flats across Sydney, Melbourne and Brisbane. Sydney is home to the most granny flat development opportunities, with 233,220 existing residential

© Copyright 2019. CoreLogic and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) the CoreLogic Data contained in this publication. All rights reserved.

12 | CoreLogic Archistar Granny Flats June 2019

Brisbane

Suburb City Council area

Potential Granny Flat Properties

% Potential Granny Flat Properties

Average land area

Average distance from GPO

Median value

Median weekly rent

Gross rental yield

The Gap Brisbane Brisbane 2,784 42.8% 759 8.8 km $672,605 $530 4.0%

Albany Creek Brisbane Moreton Bay 2,664 46.3% 841 13.9 km $611,523 $500 4.6%

Morayfield Brisbane Moreton Bay 2,621 30.2% 1,264 39.8 km $355,595 $360 5.3%

Deception Bay Brisbane Moreton Bay 2,578 33.1% 741 30.8 km $362,550 $340 5.3%

Kallangur Brisbane Moreton Bay 2,549 30.2% 704 25.1 km $392,962 $378 5.3%

Alexandra Hills Brisbane Redland 2,293 36.4% 849 20.5 km $439,134 $440 5.2%

Redbank Plains Brisbane Ipswich 2,223 28.4% 728 26.3 km $329,551 $350 5.6%

Narangba Brisbane Moreton Bay 2,167 30.0% 1,027 32.6 km $495,880 $420 4.7%

Rochedale South Brisbane Logan 2,027 34.1% 737 17.9 km $481,523 $420 4.5%

Ferny Hills Brisbane Moreton Bay 1,996 60.5% 718 11.9 km $548,603 $460 4.5%

Sunnybank Hills Brisbane Brisbane 1,952 30.0% 689 14.3 km $682,472 $450 3.9%

Aspley Brisbane Brisbane 1,886 36.8% 672 11.2 km $609,234 $470 4.3%

Chapel Hill Brisbane Brisbane 1,844 46.3% 837 8.6 km $805,587 $605 4.2%

Inala Brisbane Brisbane 1,774 33.7% 639 15.3 km $351,968 $330 5.1%

Bray Park Brisbane Moreton Bay 1,770 47.6% 639 20.5 km $441,788 $410 4.9%

Strathpine Brisbane Moreton Bay 1,752 43.4% 556 19.2 km $421,266 $390 4.9%

Kingston Brisbane Logan 1,723 44.1% 747 22.3 km $289,193 $330 6.2%

Petrie Brisbane Moreton Bay 1,689 49.1% 801 23.7 km $466,979 $400 4.7%

Top 20: Brisbane suburbs with the most number of properties for granny flat development opportunities

Page 13: Granny flats - Archistar.ai Property...granny flats across Sydney, Melbourne and Brisbane. Sydney is home to the most granny flat development opportunities, with 233,220 existing residential

© Copyright 2019. CoreLogic and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) the CoreLogic Data contained in this publication. All rights reserved.

CoreLogic Archistar Granny Flats June 2019 | 13

Brisbane

The Gap, located around 9km west of the Brisbane CBD, shows the most properties suitable for granny flat development. With an average land area just under 760sqm, there are almost 2,800 properties suitable for developing a granny flat across the suburb. Four of the top five suburbs are located within the Moreton Bay council area, where house values tend to show a much lower entry point relative to suburbs closer to Brisbane’s inner city.

Proportionally, there are four suburbs where more than half the housing stock is suitable for granny flat development. With 60.5% of properties suitable for developing a granny flat, the suburb of Ferny Hills offers up some of the best potential for building a granny flat.

Suburb City Council area

Potential Granny Flat Properties

% Potential Granny Flat Properties

Average land area

Average distance from GPO

Median value

Median weekly rent

Gross rental yield

Ferny Hills Brisbane Moreton Bay 1,996 60.5% 718 11.9 km $548,603 $460 4.5%

Stafford Heights Brisbane Brisbane 1,608 52.9% 655 8.0 km $608,761 $460 4.1%

Eatons Hill Brisbane Moreton Bay 1,377 51.3% 1,509 16.4 km $606,143 $500 4.7%

Gailes Brisbane Ipswich 397 50.8% 682 19.3 km $275,037 $300 5.9%

Jamboree Heights Brisbane Brisbane 602 49.6% 627 13.5 km $529,996 $420 4.6%

Everton Hills Brisbane Moreton Bay 1,248 49.3% 724 10.2 km $576,840 $465 4.5%

Petrie Brisbane Moreton Bay 1,689 49.1% 801 23.7 km $466,979 $400 4.7%

Bray Park Brisbane Moreton Bay 1,770 47.6% 639 20.5 km $441,788 $410 4.9%

Edens Landing Brisbane Logan 914 47.0% 759 29.7 km $395,532 $370 5.5%

Arana Hills Brisbane Moreton Bay 1,374 46.8% 756 11.3 km $569,414 $460 4.4%

Albany Creek Brisbane Moreton Bay 2,664 46.3% 841 13.9 km $611,523 $500 4.6%

Chapel Hill Brisbane Brisbane 1,844 46.3% 837 8.6 km $805,587 $605 4.2%

Keperra Brisbane Brisbane 1,284 44.9% 640 9.7 km $526,327 $440 4.4%

Kingston Brisbane Logan 1,723 44.1% 747 22.3 km $289,193 $330 6.2%

Strathpine Brisbane Moreton Bay 1,752 43.4% 556 19.2 km $421,266 $390 4.9%

Chermside West Brisbane Brisbane 1,223 43.4% 639 9.5 km $581,339 $450 4.3%

Camira Brisbane Ipswich 1,178 43.3% 1,682 21.3 km $383,450 $365 4.9%

The Gap Brisbane Brisbane 2,784 42.8% 759 8.8 km $672,605 $530 4.0%

Nathan Brisbane Brisbane 182 41.7% 614 8.6 km $535,607 $450 4.7%

Macgregor Brisbane Brisbane 867 41.6% 622 11.6 km $751,670 $480 3.4%

Top 20: Brisbane suburbs with the highest proportion of properties for granny flat development opportunities

Page 14: Granny flats - Archistar.ai Property...granny flats across Sydney, Melbourne and Brisbane. Sydney is home to the most granny flat development opportunities, with 233,220 existing residential

© Copyright 2019. CoreLogic and its licensors are the sole and exclusive owners of all rights, title and interest (including intellectual property rights) the CoreLogic Data contained in this publication. All rights reserved.

14 | CoreLogic Archistar Granny Flats June 2019

About CoreLogicCoreLogic Australia is a wholly owned subsidiary of CoreLogic (NYSE: CLGX), which is the largest property data and analytics company in the world. CoreLogic provides property information, analytics and services across Australia, New Zealand and Asia, and recently expanded its service offering through the purchase of project activity and building cost information provider Cordell. With Australia’s most comprehensive property databases, the company’s combined data offering is derived from public, contributory and proprietary sources and includes over 500 million decision points spanning over three decades of collection, providing detailed coverage of property and other encumbrances such as tenancy, location, hazard risk and related performance information.

With over 20,000 customers and 150,000 end users, CoreLogic is the leading provider of property data, analytics and related services to consumers, investors, real estate, mortgage, finance, banking, building services, insurance, developers, wealth management and government. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and geo spatial services. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk. CoreLogic employs over 650 people across Australia and in New Zealand. For more information call 1300 734 318 or visit www.corelogic.com.au

Granular Data and Analytics Driving Growth in your businessCoreLogic RP Data produces an advanced suite of housing market analytics that provides key insights for understanding housing market conditions at a granular geographic level. Granular data is often used for portfolio analysis and benchmarking, risk assessments and understanding development feasibility and market sizing. It gives industry professionals valuable modules which provide essential analytics and insights for decision making and strategy formation within the residential property asset class. We can tailor reports to suit your business requirements. Call us on 1300 734 318 or email us at [email protected] or visit us at www.corelogic.com.au

Market Scorecard Monitor and measure performance of an individual office or a Franchise brand month on month through a detailed view of the Real Estate Listing and Sales market share across Australia. With the ability to gather market share statistics within your active market this product is designed to identify the competing brands and independents at a suburb, postcode, user defined territory and State level. Easily locate growth opportunities and market hotspots allowing you to view the performance of the established offices in these new areas of interest.

Market Trends Detailed housing market indicators down to the suburb level, with data in time series or snapshot delivered monthly. CoreLogic RP Data’s Market Trends data is segmented across houses and units. The Market Trends data includes key housing market metrics such as median prices, median values, transaction volumes, rental statistics, vendor metrics such as average selling time and vendor discounting rates.

CoreLogic Indices The suite of CoreLogic Indices range from simple market measurements such as median prices through to repeat sales indices and our flagship hedonic home value indices. The CoreLogic RP Data Hedonic index has been specifically designed to track the value of a portfolio of properties over time and is relied upon by Australian regulators and industry as the most up to date and accurate measurement of housing market performance.

Economist Pack A suite of indices and indicators designed specifically for Australian economic commentators who require the most up to date and detailed view of housing market conditions. The economist pack includes the CoreLogic RP Data Hedonic indices for capital cities and ‘rest of state’ indices, the stratified hedonic index, hedonic total return index, auction clearance rates and median prices.

Investor Concentration Report Understanding ownership concentrations is an important part of assessing risk. Areas with high investor concentrations are typically allocated higher risk ratings due to the over-representation of a particular segment of the market. Through a series of rules and logic, CoreLogic RP Data has flagged the likely ownership type of every residential property nationally as either owner occupied, investor owned or government owned.

Mortgage Market Trend Report CoreLogic is in a unique position to monitor mortgage related housing market activity. Transaction volumes, dwelling values and mortgage related valuation events all comprise our Mortgage market trend report which provides an invaluable tool for mortgage industry benchmarking and strategy.

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About ArchistarArchistar allows consumers, businesses and government alike, to understand the development potential dormant across all properties within Australia. Archistar’s revolutionary artificial intelligence powered platform, permits users to click on any block(s) of land to instantly see what can be built. The platform allows users to explore and undertake financial and compliance feasibility on a myriad of design scenarios compliant to the user’s set parameters. This young technology company leads the world in all aspects of parametric generative design and currently offer functionality that assess design factors such as sunlight, ventilation and privacy. The platform is used by builders, agents, developers, architects, government planners and home-owners. Born in Australia and now international, Archistar is quickly gaining relevance across all major global property markets. To generate your own Property Development Potential Report for any property across Australia, visit https://archistar.ai.

ArchiAcademy The leading Architectural, Engineering and Construction online training platform used by many of the world’s leading universities and institutions. Over 30,000 registered students have developed their professional skills on this learning platform.

ArchiFind The team’s latest tool targeted at assisting customers explore and find underdeveloped sites via the latest in mapping platforms fed by the world’s first fully integrated zoning regulation data set.

ArchiDeveloper The world’s most comprehensive A.I development assessment platform. Includes multiple planning layers and filters, feasibility tools, and the company’s revolutionary generative design engine.

ArchiReports Visually beautiful, relevant development specific reports. Currently offering Granny Flat, Feng Shui and Property Development Potential reports.

ArchiAgent Real estate specific development reports to enable buyers and sellers to understand their land’s development potential.

ArchiHomes A stunning visualisation tool aimed at the knock down home owner looking to understand the design options open to them from Australia’s leading home building brands. To be released in quarter 3 2019.

ArchiCompliance A government sponsored initiative looking to leverage Archistar’s revolutionary technology to improve the speed, transparency and compliance of our local government DA process

ArchiAlliance Program A collaboration with the world’s leading firms to help enhance the Archistar value proposition across all industries served. Application to participate welcome.

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DisclaimersIn compiling this publication, RP Data Pty Ltd trading as CoreLogic has relied upon information supplied by a number of external sources. CoreLogic does not warrant its accuracy or completeness and to the full extent allowed by law excludes liability in contract, tort or otherwise, for any loss or damage sustained by subscribers, or by any other person or body corporate arising from or in connection with the supply or use of the whole or any part of the information in this publication through any cause whatsoever and limits any liability it may have to the amount paid to CoreLogic for the supply of such information.

Queensland DataBased on or contains data provided by the State of Queensland (Department of Natural Resources and Mines) 2019. In consideration of the State permitting use of this data you acknowledge and agree that the State gives no warranty in relation to the data (including accuracy, reliability, completeness, currency or suitability) and accepts no liability (including without limitation, liability in negligence) for any loss, damage or costs (including consequential damage) relating to any use of the data. Data must not be used for direct marketing or be used in breach of the privacy laws.

South Australia DataThis information is based on data supplied by the South Australian Government and is published by permission. The South Australian Government does not accept any responsibility for the accuracy or completeness of the published information or suitability for any purpose of the published information or the underlying data.

New South Wales DataContains property sales information provided under licence from the Land and Property Information (“LPI”). CoreLogic is authorised as a Property Sales Information provider by the LPI.

Victorian DataThe State of Victoria owns the copyright in the Property Sales Data which constitutes the basis of this report and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth). The State of Victoria does not warrant the accuracy or completeness of the information contained in this report and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.

Western Australia DataBased on information provided by and with the permission of the Western Australian Land Information Authority (2019) trading as Landgate.

Australian Capital Territory DataThe Territory Data is the property of the Australian Capital Territory. No part of it may in any form or by any means (electronic, mechanical, microcopying, photocopying, recording or otherwise) be reproduced, stored in a retrieval system or transmitted without prior written permission. Enquiries should be directed to: Director, Customer Services ACT Planning and Land Authority GPO Box 1908 Canberra ACT 2601.

Tasmanian DataThis product incorporates data that is copyright owned by the Crown in Right of Tasmania. The data has been used in the product with the permission of the Crown in Right of Tasmania. The Crown in Right of Tasmania and its employees and agents:

a. give no warranty regarding the data’s accuracy, completeness, currency or suitability for any particular purpose; and

b. do not accept liability howsoever arising, including but not limited to negligence for any loss resulting from the use of or reliance upon the data.

Base data from the LIST © State of Tasmania http://www.thelist.tas.gov.au

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This publication reproduces materials and content owned or licenced by RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic) and may include data, statistics, estimates, indices, photographs, maps, tools, calculators (including their outputs), commentary, reports and other information (CoreLogic Data).

Toll Free: 1300 734 318 corelogic.com.au