Australia snatches property crown from the US

Category: Tags :

You know how real estate is Australia’s national sport? Well, here’s some data that proves it.

Australia has overtaken America as the country building the biggest houses in the world, according to a report from CommSec.

In the most recent annual results, the average size of newly-built homes was 235.8 square metres in Australia and 233.1sqm in the US.

ACT residents built the biggest houses in the 2019-20 financial year, while Tasmanians built the smallest:

Australians are building bigger houses today than in previous decades. New houses are 6% bigger than 20 years ago and 27% bigger than 30 years ago, according to the report. 

First home buyer and building a new home? Great news for you! Speak to one of our mortgage brokers to find out what options might be available for you. 

More Like This

Whilst January usually has a slow start as everyone is coming back into their daily groove, the property market never stands still. This year...
In just a few seconds, you can find out some data about first home buyers in your suburb. Click this link, type in a postcode and you...