After peaking in the 2011-12 fiscal year, the size of ordinary new homes inAustralia has stabilized over the past five years. The average size of new homes in Australia ranks second in the world, second only to the United States.
In this case, CommSec chief economist Craig James analyzed that this phenomenon shows changes in people's attitudes and lifestyle requirements, changes in housing supply and demand, and differences across Australia for builders, developers, investors, building materials companies, finance. Industry and government at all levels have a major impact. Victorians build the largest housing area in Australia, ahead of ACT, Western Australia and Queensland. The average floor area of ​​Victorian houses is 244.8 square meters, which is greater than 242.3 square meters of ACT, 235.3 square meters in Western Australia and 230.8 square meters in Queensland. Currently, detached houses account for half of all new homes, and the market has the strongest demand for high-rise apartments and townhouses. The report also found that the average size of houses built in the past year was 8% larger than those built 20 years ago and 30% larger than those built 30 years ago.