Surprising Aussie city with the largest houses revealed

In Darwin, residents can enjoy spacious homes without venturing too far from the central business district since the suburbs with the most extensive plot sizes are only 20 minutes away from the city centre.

Girraween, Virginia, Humpty Doo, and Herbert are the neighbouring suburbs with the most significant homes, with Girraween boasting a median plot size of 20,000 sqm, equivalent to 2 hectares.

Inner city suburbs with the largest house plot size - top suburb for each city

In Canberra, the median plot size is slightly smaller than Darwin's, measuring 773 sqm.

However, the suburb of Forrest claims the title of having the largest median plot size, known for its luxurious four-bedroom plus homes that often fetch multi-million dollar price tags.

The median plot size in Forrest is a spacious 1576 sqm.

Inner city suburbs with the smallest house plot size - top suburb for each city

Not surprisingly, Sydney has the smallest median plot size among the major cities, measuring only 597 sqm.

In the inner-ring suburbs of Sydney, the median plot size for houses varies widely, from a generous 914 sqm in the affluent suburb of East Lindfield to a mere 97 sqm in the tightly-packed terraced streets of Ultimo.

Melbourne had a slightly larger median plot size (601 sqm) than Sydney, but only by an extra four sqm.

Eaglemont has the largest plot size of the inner-ring suburbs, whereas Carlton has the smallest.

Final note...

With increasing populations and diminishing available land, inner-city land has become a premium commodity.

This translates to higher costs for more substantial plots of land closer to the central business district or the need to move further out to areas with lower population densities.

While this data is interesting to read, at Metropole, we always advise on the importance of only buying investment-grade properties in investment grade locations, rather than chasing a hotspot or growth area.

But even before looking for the right location, make sure you have a Strategic Property Plan to steer you through the upcoming challenging times our property markets will encounter.

Planning is bringing the future into the present so you can do something about it now!

I believe it's important to start with the endgame in mind and understand what you need and what you want to achieve.

And then you have to build a plan, a strategy to get there.

The property you eventually buy will be the physical manifestation of a whole lot of decisions that you will make, and they must be made in the right order.

That's because property investment is a process, not an event.

If you’re a beginner looking for a time tested property investment strategy or an established investor who’s stuck or maybe you just want an objective second opinion about your situation, why not allow the team at Metropole to build you a personalised, customised Strategic Property Plan

When you have a Strategic Property Plan you’re more likely to achieve the financial freedom you desire because we’ll help you:

• Define your financial goals;
• See whether your goals are realistic, especially for your timeline;
• Measure your progress towards your goals – whether your property portfolio is working for you, or if you’re working for it;
• Find ways to maximise your wealth creation through property;
• Identify risks you hadn’t thought of.

And the real benefit is you’ll be able to grow your wealth through your property portfolio faster and more safely than the average investor.

Click here now and learn more about this service and discuss your options with us.

Source of tables: REA Insights