The great Australian dream of home ownership is constantly evolving. Both our houses and lot sizes are generally decreasing in size, with kitchens growing in importance and outdoor living becoming more prominent for many.
We’ve also seen that some Australians are moving to downsize their property dreams with a large number choosing to purchase smaller dwellings such as apartments and townhouses to combat affordability issues.
Despite these continuing changes, data commissioned from the Australian Bureau of Statistics by CommSec (released in August 2011) confirms that Australia is still building the largest homes in the world.
According to the data, the average new home built in Australia is around 10 per cent and nine per cent bigger than in the United States and New Zealand respectively, with the average floor area of new homes (both houses and apartments) standing at 214.1 square metres in the nine months to March 2011.
The data also shows that the biggest homes in Australia (both houses and other dwellings) can be found in Western Australia, followed by Northern Territory, Victoria, New South Wales, Queensland, South Australia, Tasmania and the ACT
For real estate advice, including about what buyers are looking for when seeking out property purchase options, please don’t hesitate to talk to a CENTURY 21 Port Douglas Real Estate property professional by calling 07 4099 4099.