The size of Australian households has declined over the past five years, a shift that may have accelerated during the pandemic, increasing demand for housing and sending rents sky-high even as overseas migration fell sharply.
Census data released on Tuesday also reveals that formation of single-person households has significantly out-paced the creation of one-bedroom homes, a disconnect which shows housing construction is out of step with needs, according to some analysts.
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Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com
