The days of the McMansion are numbered according to exclusive research by The Australian.
They found that the size of Australian homes has been shrinking over the past seven years, victims of soaring costs and changing lifestyles.
The country’s homes — some of the biggest in the world — reached peak size in 2009 at an average of 222 sq m for newly built houses and apartments combined, according to research undertaken exclusively for The Weekend Australian.
But the global financial crisis put paid to that.
The average new home now stands at 192 sq m, making it smaller than in 2001.
And as you can see from the graphic below the average house size varies considerably from State to State.
Source: The Australian
Demographic changes, especially among Gen Y, has put Australia on a trajectory towards smaller homes with a shift in values to ‘less is more’ and spending on experiences rather than material goods.
Having said that, Australian houses are still big on a global scale with a new house, on average, having more cars and more TVs than it does children.
Source: The Australian

Subscribe & don’t miss a single episode of Michael Yardney’s podcast
Hear Michael & a select panel of guest experts discuss property investment, success & money related topics. Subscribe now, whether you're on an Apple or Android handset.
Need help listening to Michael Yardney’s podcast from your phone or tablet?
We have created easy to follow instructions for you whether you're on iPhone / iPad or an Android device.

Prefer to subscribe via email?
Join Michael Yardney's inner circle of daily subscribers and get into the head of Australia's best property investment advisor and a wide team of leading property researchers and commentators.
'The end of the Mc.Mansion as our dwellings are shrinking' have no comments
Be the first to comment this post!