Experts say this rise reflects the demands of Australia's growing population. But for many, apartment living is now a lifestyle choice. Australian housing supply is changing. The new report from CommSec has found around half of all new buildings in Australia are apartments, while the size of the average new home is down 2.7 per cent over the past year. New houses are now 189.8 square metres, which has reached a 20-year low.
Australian homes shrinking in size as apartment development
A general view of waterfront housing under construction at Wentworth Point in Sydney's west, Thursday, Feb. 23, 2017. Source: AAP
The average size of Australian homes is falling, thanks largely to the increase in the number of apartments being built.
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