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lot sizes across Australia shrink by 29%

Newly created residential lots have shrunk in size in the last decade by 29 per cent, according to the Urban Development Institute of Australia (UDIA) in a March 26 statement. 

With double storey house plans now being specifically designed for narrow lot homes, it's clear this trend has been in the works for some time.

Shift to small

Many Australian families favour smaller lots, given they're able to build upwards to maximise their space. Smaller homes are also cheaper to heat or cool, which is a valuable consideration for those looking to drive their monthly costs down. 

UDIA President Cameron Shephard suggested that a spacious backyard for a family is a dwindling option for many Australians, particularly from a price perspective. This suggests a need for affordable double storey home designs to provide a solution for small or narrow lot homes. 

Capital cities such as Sydney and Melbourne are seeing more high-density home approvals as population growth and planning systems fail to keep up with property demand. 

Western Australia has largely avoided the high-density dwelling trend, although areas close to the Perth CBD tend to be an exception to this, as a greater number of people flock to the vibrant city. While demand for high-density accommodation in WA’s outer suburbs is lower, overall lot sizes are still shrinking due in most part to high demand and a loosening of residential zoning classifications. 

The biggest cut to lot sizes was seen in Sydney, where lot sizes have dropped by 16 per cent year-on-year to 2013. 

This could lead young couples to reconsider where to establish themselves before they start a family. Perth has the perfect capital city vibe and business opportunities without succumbing to the greatest drop in lot sizes, which rests with Sydney.

Mr Shephard suggested that a "wider variety of product" is required in the Australian property market as more and more families feel the squeeze. 

Fortunately, narrow or small lot home designs can maximise families' ability to raise their children in a healthy, happy environment. Many have al fresco areas and garden space as well as roomy living areas, multiple bedrooms and a study or playroom.