Source: Global Property Guide: http://www.globalpropertyguide.com/news-Australia’s-shrinking-houses-and-apartments-2863
Australians own the world’s biggest residential lots. It’s a big country, and the size of Australians’ houses and apartments have long been a source of amazement in other, less lucky, countries.
But soaring land and home prices in the “lucky country” have ushered in a new trend – smaller-sized houses and apartments, according to recent research. The Urban Development Institute of Australia (UDIA) says that Australians are accepting smaller houses and apartments, in a new report, the “2016 State of the Land Report”. (more…)