According to fresh data commissioned by CommSec, Australian homes build in the past financial year were the smallest in more than two decades.
The figures from the Australian Bureau of Statistics reports that the average floor size of newly built houses and apartments was 186.3 square metres in 2017-18, meaning new homes were 1.6% smaller than the previous year, and the smallest they’ve been since 1996.
CommSec chief economist Craig James says the shrinking house size is due to the rise in number of apartment developments.