Australian houses shrinking, but apartments growing in size
With the number of apartments growing to represent almost half of all homes built in Australia, it appears the size of our houses is getting smaller too.
While the Australian dream of a free-standing house and a small patch of green in the backyard is still alive, the trend in many states is to shrink the size of houses and expand that of units, townhouses and villas, data from the Australian Bureau of Statistics shows.
According to the report, houses built in 2018 dropped to their lowest size in 17 years at an average of 228.8 sqm, which was 1.3 per cent smaller than the previous year, while apartments grew slightly to an average of 128.8 sqm.
Despite this, Australia is still building the second-biggest homes in the world behind the USA.
CommSec, who commissioned the study, says a growing population and a social push to live closer to local services and amenities is the driving force behind the change.
This, in conjunction with the cheaper price of apartments and townhouses, is prompting older couples to downsize, while younger people are moving to rentals or buying homes that better fit their needs.
Developers are moving to cater to this growing market, producing stunning and spacious apartments at the heart of Australia’s major cities.
In Melbourne The Eighth will redefine inner-city living. With a wide range of resort-style amenity, childcare, The Eighth will be a dynamic new lifestyle destination in Southbank.
The The Eighth
Purchasing an off the plan apartment is a fantastic way to enter the property market, comfortably downsize, or to embrace the amenity-rich lifestyle of apartment living.
Many Australians are moving away from detached family homes in favour of apartment living, and governing bodies are updating legislation in order to ensure that the many positives involved in the process are not overshadowed by potential negatives.
In order to make sure that all stakeholders in the process maintain the standards of transparency and service that many of the best developers have successfully maintained for years, the NSW state government has introduced new laws aiming to protect and empower buyers entering into an off the plan purchase.
For a residence that is situated in a quieter, leafier setting, but still incredibly well connected, Ten To Twelve Lindsay St provides the perfect environment.
Consisting of three-bedroom apartments and penthouses, this impressive project is inspired by the traditional quality of Brighton.
From the sophisticated homes, residents are placed within close proximity of the Church Street shopping precinct, 100 metres from Middle Brighton train station and just 1km away from Brighton Beach.
Meanwhile, St Boulevard takes onsite amenity to a whole new level.
Set for completion in 2020, and located on prestigious St Kilda Road, this stunning luxury development includes a indoor pool, spas, gym, and multiple private dining and lounge areas for entertaining guests. There’s also a library, meeting rooms, gardens and gazebos.
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