Ancillary accommodation or a 'granny flat' on an existing property can be a convenient and cost-effective option for some people.
It can allow families to use their existing land and provide close access whilst still ensuring independence. Granny flats may be an extension to the home or a separate dwelling in the backyard.
If you contributed money or other valuable assets in exchange for your granny flat, Centrelink or the Department of Veterans' Affairs may regard you as having a 'granny flat interest' for the purposes of assessing assets or eligibility for rent assistance. Such a payment made to a family member is generally an exempt asset for social security purposes. This can enable you to contribute substantial assets without losing your pension entitlements.
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