Over the past few decades, there have been many changes in the Australian Housing market. The top three change are as follows:
- Lifestyle and house design
- Funding and affordability
- Material used in building
Lifestyle and house design
Australia has always been a country where people have loved outdoor activities. If you look at houses that were built in the 70s and 80s, it was built on a large block of land. The houses were much smaller in size with lots of land left for garden so that children could spend quality time outdoors. In the 70s, it was very common to build on block of 800-1000 square meters, fast forward to post 2000, the sizes of blocks have gradually reduced. Nowadays, the average size of land sold is around 400 square meters. On the other hand the built up area of the houses have increased from 125 – 150 square meters to currently around 300 square meters.