Source: Commonwealth Bank of Australia
The latest CommSec Home Size Trends Report reveals Australians are again building big houses and apartments.
Monday, 9 November 2020 – Australia is again building the biggest houses in the world, ahead of the United States, according to the latest CommSec Home Size Report.
The average new house built in Australia in 2019/20 was 235.8 square metres, up 2.9 per cent on the year and the biggest increase in 11 years. US houses built over the 2019 calendar year (latest data) fell for the fourth year, down 3 per cent to 2,509 square feet (the equivalent of 233.1 square metres), according to data commissioned by CommSec from the Australian Bureau of Statistics.
The report reveals that not only have Australian houses grown over the past year, so has the size of the average Australian apartment. The size of the average new apartment lifted 6 percent over the past year, hitting a decade high of 136.8 square metres.