Is the great Aussie backyard dead?
The decline of the iconic Australian backyard is reshaping the real estate market and puts a range of suburbs on the map as potential property hotspots.
Household sizes are changing and along with this trend, so too are block sizes. (Image source: Shutterstock.com)
Aussies, we are told, love their backyards.
The reality appears different.
Average lot sizes are shrinking, the proportion gardens take up on residential blocks is shrivelling and apartments as a percentage of new residences has skyrocketed.
What is behind shrinking gardens and will this trend have any impact on investors?
The mythical quarter acre block
One of the drivers of disappearing gardens has been the reduction in lot sizes.
It’s qu…
