
The size of land for new builds has been falling for a decade, while the size of new houses on that land remains mostly unchanged, new data shows.
Across the five major capitals, land size for newly built homes has shrunk by 13% over the past decade, according to the Australian Bureau of Statistics.
Of all capital cities, Brisbane saw the largest decline, with housing land sizes decreasing by 20% on average.
With more available and affordable land relative to Australia’s largest capitals, demand for land in Brisbane has increased. This is a result of interstate migration to Queensland and a surge in the number of locals building homes.
To read the complete article, click here