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Australians have the world's largest houses | Aussies have beaten the Americans to become the owners of the largest houses in the world, says a new report by Commonwealth Securities, also known as CommSec. The CommSec data shows that the size of an Australian house has increased
on average by 10percent in the last ten years to a record new high of 214sq m,
which almost thrice the size of the average British house. However, another report
from BIS Shrapnel has predicted the constant shooting up of rents with a rise
of 5 percent annually in Brisbane between 2010 and 2012 and similar levels in
other capitals, reports the Courier-Mail. CommSec statistics show that the size
of families is also growing with the increase in house size with 2.56 people living
in each household from the previous figure of 2.51. In fact, this is the first
such rise in at least 100 years. New South Wales boasts of the biggest houses
in Australia with an average house built in 2008-09 measuring 262.9sq m. Queensland
takes the second spot with 253sq m. "The increase in the size of the average family
unit may mean that fewer new homes need to be built," News.com.au quoted CommSec's
Craig James, as saying. "It makes sense. Population is rising, as is the cost
of housing and the cost of moving house, so we are making greater use of what
we've got. "Children are living at home longer with parents and more people are
opting for shared accommodation." James added: "If the size of the average household
continues to rise, there will be reduced demand for new houses and apartments,"
Mr James said. "It is questionable whether Aussie homes can, or indeed should,
continue to grow. "Generation Y is already baulking at the cost of housing, choosing
to stay at home longer with parents." |
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