Ep 12: How to Supercharge Your Returns with the Granny Flat King

August 26, 2025•2 min read

In this episode of the Melbourne Property Podcast, hosts Lindsay and Sky sit down with property royalty - Theodore Store from Innovista Group aka The Granny Flat King. If you’re an investor looking to boost your cashflow or reaching the top of your borrowing capacity, this is an episode you won’t want to miss. Theo unpacks everything you need to know about adding a granny flat in Melbourne - from recent legislative changes, to the financial benefits, common pitfalls, council restrictions, and the real numbers behind building costs and rental yields. By the end, you’ll understand whether a granny flat could be the key to supercharging your portfolio returns.

Topics covered

• The history of granny flats in Melbourne vs other states

• What qualifies as a granny flat in Victoria

• How granny flats impact cashflow, yields, and property value

• Typical rental income you can expect

• Who should (and who shouldn't!) build a granny flat

• Common mistakes to avoid

• Council/zoning restrictions you need to know

• Average build costs and timeframes

• Real-world success stories

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Thanks to our sponsor, Scale Lending. Whether you’re a seasoned investor scaling your portfolio or a family buying your next home, Scale Lending helps structure your finances for long-term success. With access to over 40 lenders and a focus on property investment, they don’t just tick boxes - they unlock doors. Visit scalelending.com.au

Connect with Theodore Store – Innovista Group

Resources

Listen to Episode 12 here:

🎧 Spotify

🎧 Apple Podcasts

▶️ YouTube

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