Australia is constructing the world’s largest homes, in line with new CommSec report

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TASMANIAN new homes stay the smallest within the nation, in line with a report displaying Australia continues to construct the world’s largest homes.

The newest CommSec Dwelling Dimension Report reveals the common new home in-built Australia in 2019-20 was 235.8 sq. metres, up 2.9 per cent on the earlier 12 months and the most important improve in 11 years.

In distinction, US homes constructed over the 2019 calendar 12 months fell in measurement for the fourth 12 months, down 3 per cent to 233.1 sq. metres, in line with knowledge commissioned by CommSec from the Australian Bureau of Statistics.

The scale of the common new residence in Australia rose 6 per cent over the previous 12 months, hitting a decade-high of 136.8 sq. metres.

The CommSec Dwelling Dimension Tendencies report tracks residence measurement over time and particulars the common sizes of recent homes and flats constructed over the previous monetary 12 months.

The smallest new homes constructed had been in Tasmania, the place houses had been 179 sq. metres on common, up 0.3 per cent on 2018-19.

The ACT constructed the most important homes in Australia in 2019-20 at 256.3 sq m, forward of Victoria (250.3 sq m), NSW (235 sq m) and Western Australia (232.5 sq m).

subdivision

Tasmanians are constructing the smallest new houses within the nation. Image: SAM ROSEWARNE


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CommSec chief economist Craig James stated earlier than final 12 months, Australian residence patrons had been constructing progressively smaller homes on common, embracing flats in addition to smaller homes on smaller lot sizes.

“So whereas Aussies constructed larger houses over the previous 12 months, the large query is whether or not the decade-long downtrend in residence measurement has ended. And COVID-19 might play a giant function in answering that query,” Mr James stated.

“Authorities-imposed lockdowns in response to the COVID-19 virus have prompted extra Aussies to reassess their housing wants. With extra time spent at residence for each leisure and work, some Aussies are searching for larger houses.”

blair.richards@news.com.au

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