We've just been through such a significant period of economic growth which has brought about significant increases in housing sizes and expectations. As credit tightens in and economic growth slows Australians need to be adjust their expectations about what kind and size of houses/accomodation we will live in. Recently I read Clive Hamilton's book "Affluenza", in which interesting figures were presented about the significant number of Australians who felt guilty about the fact that one entire room of their house was devoted to storing 'stuff'.
Interesting that this article popped into The Australian today:
Australians living large in oversized houses, ABS study shows. Siobhain Ryan, 29 Jan 2009.
Australians are living large in houses too big for them in greater numbers than ever before.
A new Australian Bureau of Statistics analysis of census data shows 41 per cent of all occupied private homes in 2006 had two or more bedrooms than were needed, up from 34 per cent a decade earlier.
Another 36 per cent had one extra bedroom above international standards for minimum household requirements. “This trend has implications for the ongoing sustainability of residential development in Australia,’’ the ABS report said. ``Declining household size accelerates the demand for new housing development, while growth in excess bedrooms indicates less efficient use of housing, (and) both of these factors increase the demand for resources and energy.’’ Canberra is pouring hundreds of millions of dollars into expand Australia’s housing stock, offering tax breaks to developers to build affordable housing and funding to lower development costs. But rising expectations, as well as the growth in empty nesters, could erode the capacity of new programs to house more people. The average floor area of new homes has grown by almost a third in the 20 years to 2006-07, despite a shrinking in average household size over the same period.
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Well if things keep getting built at the rate that they are wont that boost the economy as there will be more of a house to build? As unlikely that it is for houses to be built in such a fasion due to everyone maintaining "tight pockets" it could be an interesting avenue for the government to look into as a possible simulus opportunity for the local economy.
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