Despite the current housing shortage, there seems to be no shortage of spare bedrooms in Aussie households.
Whether it’s a junk room, home office, floor-drobe or home gym, most Aussies have at least one spare bedroom in their homes according to the latest report from Cotality (formerly Corelogic).
The report showed that the majority of Australian households consist of just one or two people, but the majority of homes contain three or four bedrooms.
Households with just two people take up the largest share of households at 34 per cent, but the majority of houses, 42 per cent, are three-person homes.
Similarly, one-person households make up the next highest share at 27 per cent, but one-bedroom and studios make up just 6 per cent of Australia’s housing stock.
Larger homes have become more appealing to households as many people utilise extra bedrooms as a home gym, workspace, or home theatre the report confirms.
“It is also reasonable to assume that many couple family households without dependents have more bedrooms because they are planning to have children,” said Cotality’s head of research, Eliza Owen.
Higher capital growth for homeowners and investors is also driving the trend with four-bedroom dwellings leading the national five-year annualised growth rate at 8.7 per cent, compared to zero-to-one-bedroom dwellings at just 3.7 per cent.
Another benefit is the income-producing opportunity of a spare bedroom for savvy renters and homeowners. Whether leasing out on AirBnB, sourcing a roommate to help cover the bills, or utilising as a base for a home business, the spare bedroom continues to endure in Aussie culture.
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