Three different plays
Granny flats, dual occupancies and subdivisions solve different problems. The highest-value path is not always the highest-density path.
| Path | Best for | Main risk |
|---|---|---|
| Granny flat / secondary dwelling | Rental yield and family accommodation with lower planning complexity. | Limited resale separation and local size/access rules. |
| Dual occupancy | Two dwellings on one title or eventual subdivision where allowed. | Frontage, private open space, parking and neighbourhood character. |
| Subdivision | Separate lots and clearer end-value realisation. | Minimum lot size, services, access, infrastructure and approval risk. |
What adds most value?
The winner is the option that produces the highest risk-adjusted residual land value, not the option with the biggest headline yield.