As many of you will have noticed, lot sizes in Western Australia have been diminishing over the years. Twenty years ago the standard lot size was a quarter acre (1012m2). By 2000, this had shrunk to an average of 700m2. Latest statitistics reveal that the average lot size is now just 415m2. That’s a whopping 40% reduction in just 13 years!
So, why are developers selling such ‘small’ parcels of land? Affordability is certainly an issue, however the main reason for shrinking homesites is planning and zoning laws laid out by the Western Australian Planning Commission. These laws limit the developers to the size of blocks that can be created. The laws are designed to increase the density of housing and reduce the ‘sprawl’ of suburbs. In recent years, builders have begun to adapt their house plans to fit on lots as small as 200m2 with 10m frontages.
However, sales statistics suggest that buyers would still prefer to live on a larger sized block. Developers who still have homesites available above the average size of 415m2 are finding that these lots are selling much quicker. Families in particular are keen to invest in the lifestyle that a large backyard offers.
Zoning regulations mean that smaller homesites are here to stay. If a large backyard is important to your lifestyle, it is strongly suggested that you invest in land sooner rather than later. H&N Perry are currently selling new homesties in Florida Beach Estate that are a generous 580m2. We also have a large range of private land stock available to suit all budgets and lifestyles. Call 9535 1822 today and secure your family’s future with land.