Australia’s Shrinking Family Size – How does it affect the property market?

The dynamics of household size in Australia are undergoing a significant transformation, with profound implications for the country’s property market. As households shrink, there’s a notable shift in housing demand, buyer preferences, and investment opportunities. The average Australian household size reduced by two people between 1910 and 2021. Australia’s family size is shrinking due to several factors: Increasing Number of People Living Alone: There has been a rise in the number of individuals choosing to live alone, which contributes to smaller household sizes. Economic Pressures: The high cost of raising children is prompting Australians to have fewer children or opt […]

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