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23 million bedrooms in Australia. And growing!

In a recent article in The Australian demographer Bernard Salt explained that there are about 23 million bedrooms in Australia, and they are growing at a rate of close to 400,000 a year.

He said the most common dwelling structure in Australia is the three-bedroom version with a 45 per cent share of all stock, but in terms of net new dwellings built since the 2006 census, the most popular is the four-bedroom version with a 45 per cent share. In comparison, the three-bedroom dwelling only captured a 20 per cent share of new dwellings constructed since 2006.

He explains more in this video…

Salt says our houses are getting bigger to such an extent that if current trends were to continue the national icon by mid-century would no longer be a three-bedroom brick-veneer but a four-bedroom, two-bathroom dwelling. And it’s not just four-bedroom homes that are in demand.

Between 2006 and 2011 the number of private dwellings in Australia increased by 625,000, or 9 per cent. However, the number of three-bedroom dwellings — the most popular form of house — increased by just 4 per cent. There was a 15 per cent jump in the number of studio apartments, up 5000 to 37,600, as well as a 17 per cent jump in the number of four-bedroom homes, up 279,000 to 1.9 million.

But the real bedroom action isn’t at the small end of the dwelling spectrum: it’s at the upper end. The number of five-bedroom dwellings in Australia increased by 20 per cent, or 56,300, over the five years to 2011. And in the six-plus bedroom category, the jump was 21 per cent. McMansion private dwellings with six or more bedrooms increased from 59,400 in 2006 to 71,900 last year.

The housing market is polarising, with strong growth in demand for four bedrooms and also for studio and single-bedroom apartments. The products that are struggling are two- and three-bedroom dwellings.

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Michael is a director of Metropole Property Strategists who help their clients grow, protect and pass on their wealth through independent, unbiased property advice and advocacy. He's once again been voted Australia's leading property investment adviser and his opinions are regularly featured in the media. Visit Metropole.com.au


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