According to The Australian Financial Review, Australians are building ever-bigger houses even as the growing number of apartments in densifying cities pulls the average home size to its lowest in 20 years.
The average new home built in the year to June was 189.8 square metres, down 2.7 per cent over the past year and the smallest since 1997, according to Australian Bureau of Statistics figures analysed by CommSec, but this masked a tale of bigger houses and smaller apartments.
But the size of a new house built in Australia rose 1.2 per cent last year to 233.3sq m from 230.5sq m, with the biggest increases coming in ACT, SA and WA. Apartments, which have grown from a quarter of all new housing stock seven years ago to nearly half last year, became smaller. They fell 2.3 per cent last year alone to 128.3sq m, having averaged 140sq m a decade ago.
House sizes rose 1.5 per cent in NSW and Victoria – the two states that have seen the strongest price growth – over the year. They fell in 4.4 per cent Queensland and 1.3 per cent in NT and rose 8.2 per cent in ACT, 6.7 per cent in WA and 5.5 per cent in SA.
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