Downsize and Thrive: Australia's Shift to Smaller Living

The kids have grown up and are leaving home, a changing need for amenities, or a growing crunch on the wallet – whether by choice or necessity, Australians are downsizing their dwellings for several reasons.

The increasing trend 

Australia is seeing an increasing trend in people from various walks of life downsizing their dwellings. Reasoning varies from empty nesters no longer having a need for a larger home to Australians struggling to afford their current home in the ongoing affordability crisis. For others, it is a simple desire for something different. 

What’s in demand 

So, what alternative housing are Australians on the lookout for? People are looking for dwellings that are offering the same (or additional) benefits as a larger property, just in a smaller package.  

Developers have a tough job ahead of them - crafting living spaces that are not only functional and aesthetically pleasing, but also efficient with space. Each project should be approached with a "less is more" mindset, squeezing every inch of space out of the design while still creating a comfortable and inviting atmosphere. It's a balancing act that requires a keen eye for detail and a deep understanding of how to optimise space, without compromising on style or functionality. 

Aging Australians are looking to give up spare rooms that are no longer occupied by their children without skimping out on the creature comforts. These downsizers find themselves in a life stage where their nest is empty, yet they are not quite in need of a retirement village. This is where apartments and units with various amenities become an attractive, cost-effective option. 

Opportunity for investment 

For developers looking to invest in this growing trend, investigate apartments and smaller housing options such as units and townhouses. These properties are in high demand – even more so now – with Australians from various life situations finding viable options in smaller housing.  

Residents love amenities. Consider what your development might offer the tenant – is it within close range of shops, public transport, or medical facilities? Is the surrounding neighbourhood safe? Is there anything interesting nearby that might grab the attention of residents (such as nature or entertainment options)?  

Additionally, consider implementing resident-only amenities on the site itself. Think of a shared pool, gym, courtyard, or BBQ spaces. These increase the value of your property as the desire to live a convenient lifestyle on the smaller scale continues to rise.  

Imagine being able to tailor your living space to fit your exact needs and preferences, no matter what stage of life you're in. That's the beauty of downsizing - it's not about sacrificing space, but about creating living options that perfectly suit your unique lifestyle. By taking a thoughtful and efficient approach to planning before even breaking ground, developers can deliver homes that are tailored to the homeowner's needs, without any wasted space or resources.