Australian houses shrinking, but apartments growing in size

Market Insights
4 years ago
2 minutes

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.

Life, Point Cook

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. 

Premier Place, for example, offers 25 unique 2 and 3 bedroom residences close to Sydney’s CBD. 

Premier Place

Ideally positioned in the leafy, tree-lined streets of Neutral Bay and featuring spectacular city-skyline views, these luxurious homes offer the best of both worlds. 

In Victoria, Melbourne Square will redefine inner-city living. With a wide range of resort-style amenity, childcare, a Hilton Hotel and a full-line integrated Woolworths supermarket, Melbourne Square will be a dynamic new lifestyle destination in Southbank. 

Melbourne Square

Ready to move in for the New Year and rising above an expansive 3700 sqm park, Melbourne Square will enjoy immediate access to Melbourne’s premier retail, dining, education, recreation, arts and employment precincts.  

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. 

Ten To Twelve Lindsay St

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, Aspire Melbourne takes onsite amenity to a whole new level.

Aspire Melbourne

Set to be one of the last luxury landmark towers in the city’s CBD, this development includes a stunning indoor pool, spas, gym, and multiple private dining and lounge areas for entertaining guests including a ballroom! There’s also a library, meeting rooms, and co-working spaces.

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