
Rising land costs and a marked drop in demand for new homes has forced builders to take drastic measures as they slash the size of house blocks, along with square footage, in an attempt to reign in mounting construction costs.
According to a Bloomberg article Australia’s biggest listed new home builder, Stockland, has cut the average size of house and land package plots by almost 20 per cent over the past three years, to 481 square metres.
Large development consortiums Australand Property Group get link and Peet Ltd get link are following suit, with the former designing more compact homes and the latter building on shrinking parcels of land within its new housing estates and asking buyers to trade big backyards for shared barbecue and exercise areas. [Read more...]






Welcome to Property Investment Update. If you are interested in creating wealth through property investing - browse our site to get tips and strategies you can trust from Australia's leading real estate investment, tax, property development and finance experts. To keep up to date with regular market updates, please 

