In the Perth real estate this industry, it’s our goal to help people find the property that best suits their needs – whether that’s an investment property, the dream family home or a first home.
Many of our clients are becoming increasingly aware that Australian properties are shrinking. This is nothing new, it has been happening for years with lots gradually becoming smaller so developers can fit more lots into subdivisions for Perth’s ever growing population.
What this means for home buyers, is that they will not be able to offer their family’s the same sort of home and living style that they had growing up. What this means for us as real estate professionals, is that we have another significant issue to discuss with clients.
Home buyers need to be realistic about the change in housing options; too many people become sentimental about particular properties which can cloud their judgement. There has been a shift in how we live and this is reflected in the demand for medium density accommodation close to the city and different style homes.
Some home owners are happy to forgo such things as a backyard and instead have a pool or an alfresco entertainment area. A spacious property is no longer a huge priority for those wanting less maintenance and more living space. For these people, the fact that lots are getting smaller is welcomed news.
The irony is that this has coincided with an ongoing growth in the size of the houses Australians are building. Bigger houses on ever shrinking lots.
John
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