NEW houses in Australia’s capital cities are being built on plots of land that are up to one third smaller than 10 years ago, says industry analyst BIS Shrapnel. BIS Shrapnel’s report, Outlook for Residential Land, says property developers are now producing smaller lots to encourage demand. The higher density of housing also boosts the developers’ revenues. “Median lot sizes have shrunk by between 14 and 32 per cent across the capital cities over the...
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