Housing market: Blocks are getting smaller, prices are getting larger

Houses are seen in Brisbane, Friday, February 10, 2023. Queensland housing advocates are calling for the state government to put limits on the amount and size of rent rises allowed each year. (AAP Image/Jono Searle) NO ARCHIVING Source: AAP / JONO SEARLE/AAPIMAGE

Housing affordability continues to deteriorate across most of the country, with a new report showing the average block size has shrunk 13 per cent in capital cities over the past decade. But the cost per square metre has not reduced - meaning buyers are effectively paying more for less. A story by Marcus Megalokonomos and Danielle Robertsonfor SBS News & Produced by RaySel for SBS Tamil.

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Published 12 February 2023 10:22pm

By Raysel

Source: SBS

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Housing affordability continues to deteriorate across most of the country, with a new report showing the average block size has shrunk 13 per cent in capital cities over the past decade. But the cost per square metre has not reduced - meaning buyers are effectively paying more for less. A story by Marcus Megalokonomos and Danielle Robertsonfor SBS News & Produced by RaySel for SBS Tamil.

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