With Melbourne's rental market pushing young adults further from home — and further from family — a Prestige Living backyard granny flat is the smarter answer. Real independence, in a luxury home of their own, steps from your door.
Builds from $130,000 · vs Melbourne rent averaging $550+ per week for a 2-bedroom
The average Melbourne house deposit now exceeds $200,000 — requiring more than seven years of saving for a young couple. [Source: buyersadvocate.com.au] Meanwhile, 46% of parents report their adult children have moved back home — not because they want to, but because they have no real alternative. A Prestige Living backyard granny flat Melbourne changes that.
A granny flat for adult children gives your son or daughter a front door, a full kitchen, their own bathroom and a living space they can genuinely call home — not a share house room or a converted garage.
At $550+pw for a Melbourne 2-bedroom, a young adult spending 5 years renting hands over $143,000+ to a landlord. A Prestige Living granny flat lets them redirect that money into their own future — saving for a deposit while living in genuine comfort and style.
Our luxury granny flat designs aren't an afterthought. Architecturally inspired, beautifully finished and far superior to anything Melbourne's rental market offers at the same price point — because your kids deserve better than the rental trap.
The Conversation — February 2026 [Source]
Melbourne's rental market is punishing young adults who are simply trying to get ahead. A Prestige Living small secondary dwelling on your existing block puts the numbers firmly in your family's favour.
$550+pw × 52 weeks × 5 years. Non-refundable. No equity. No security. Subject to rent increases, lease terminations and inspection anxiety.
One-time build cost on land you already own. Permanent. Adds value. Your family keeps the equity — forever.
A bedroom in a share house. Shared bathrooms, strangers in the kitchen, no security of tenure. Your child deserves better.
2 bedrooms, full kitchen, private bathroom, separate entrance and architecturally designed living spaces. In your backyard. For life.
Our flagship 2 bedroom granny flat Melbourne. Vaulted ceilings, open-plan living and a full modern kitchen — a home a young adult will actually want to live in. Everything a share house can never be.
Sophisticated design with premium finishes throughout. For families who want to give their adult children a home that rivals anything the inner-city rental market could offer — at a fraction of the long-term cost.
Open-plan living with raked ceilings and a study nook — perfect for adult children who work from home or study. A separate space to focus, create and thrive without distraction.
Raked ceilings, open-plan living and a welcoming, airy design. A popular choice for the granny flat for teenagers — giving older kids their own space, their own front door and the independence they crave, while staying on the family property.
Start with a complimentary consultation — over the phone or in our showroom. We'll discuss your family's needs, explore granny flat designs and carry out a free desktop site assessment of your block. No obligation, no pressure.
Complimentary · 30 mins – 1 hour
We prepare a detailed Proposal covering all construction costs and pre-construction fees — so your family can plan with complete clarity and confidence before committing to anything.
Complimentary · 48 hours
Your dedicated Construction Manager takes over. Preliminary Drawings are created and site classification tests are carried out — soil testing, wind rating and BAL assessment — submitted to you for approval before anything proceeds.
$7,500 + GST · 3–5 weeks
Under Victoria's 2023 reforms, small secondary dwellings under 60sqm require no planning permit in most residential zones. Where a permit is needed, we manage the entire process on your behalf — council approvals, applications and compliance.
$4,000–$10,000 + GST if required · 12–24 weeks
This is where the fun begins. Working with our Interior Designer, you'll finalise colours, finishes and fittings — choosing from our Essentials Range or four Premium packages, with the freedom to personalise every detail.
$6,500 + GST · 4–8 weeks
Construction Drawings are finalised, your HIA New Home Contract is prepared and a 5% deposit becomes payable upon signing. Transparent, fair and straightforward — no fine print surprises.
5% Deposit · 2–6 weeks
Your Prestige Living home is built across Base, Frame, Lock-Up, Fix and Practical Completion — with progress payments at each milestone. At Handover, the keys belong to your family. And your son or daughter finally has a home to be proud of.
Progressive payments · 12–14 weeks build
Granny flat cost Melbourne starts from $130,000 for a turnkey small secondary dwelling with Prestige Living. Our flagship 2 bedroom granny flat Melbourne designs start from $160,000 — far less than 5 years of Melbourne rent, and with no money disappearing into a landlord's pocket.
For most families, yes. Melbourne 2-bedroom rent averages $550+pw — $143,000+ over five years, all gone. A Prestige Living backyard granny flat Melbourne is a one-time build cost on land you already own, adding value to your property while giving your child a genuine home.
In most Victorian residential zones, a secondary dwelling under 60sqm requires no planning permit following Victoria's 2023 reforms. Prestige Living manages all approvals and building permits on your behalf — simplifying the entire process. [Source: planning.vic.gov.au]
Our 2 bedroom granny flat Melbourne designs — the Capel Sound, Sorrento and Blairgowrie — are the most popular for young adults and teenagers. Architecturally inspired, fully self-contained and far superior to anything Melbourne's rental market offers at the same price point.
Yes. A luxury Prestige Living secondary dwelling Victoria adds genuine market value to your property — increasing its future sale appeal and rental yield potential. Unlike rent payments, this investment stays in the family and grows with the property market.
A granny flat quote Melbourne from Prestige Living starts with a free desktop site assessment. Call 03 8203 2408 or fill out the form below. Complimentary, no obligation, 30–60 minutes with our Sales Team — and we'll give you an honest picture of what's possible on your block.
Our Sales Team will carry out a free desktop assessment of your property and walk you through the granny flat designs best suited to your adult children's needs — and your block.