The property opportunity in your back garden

With a rental shortage across the major cities, new research has revealed there are more than 600,000 spots across urban Australia where owners could install a residential unit such as a 'granny flat'. At a stroke, such a change would change the dynamics of the market - not to mention the household income of many Australians struggling to come to terms with the reality of the current market. In today's show we cover; the powerful potential of the 'granny flat', rules and regulations around independent living units, and why property owners are quitting Victoria.

Tim Lawless, research director of CoreLogic joins Wealth Editor James Kirby in this episode  See omnystudio.com/listener for privacy information.