Real estate is booming in Australia as prices of properties are shooting up with time. As such, compared to the property prices in 2021, the market value has increased by 22%. And this hike in cost comes with the size of the property. So, innovative thinkers today are going for tiny homes in Australia to live sustainably and pay a reasonable price for them. It is because the median price in Australia rose to $709k, which is by 1%. The annual price increase has pushed the citizens to look at cheaper options.
Yes, bigger homes are more comfortable and luxurious to live in, but the cost of living is also equally big. The list is endless, from the periodic maintenance and repairs of plumbing and electrical systems to electricity and water bills. Meanwhile, in a medium-sized home in Australia, the average electricity bill can range anywhere between $1000 to $3000, depending on the use. So, investing in tiny houses is the next best solution for future homeowners. The many benefits of investing in compact homes in Australia will be explained in detail in the sections to come.
Why Must People Consider Investing in Compact Homes in Australia?
A home is a temple for most people; it is a place where they are free to be as they wish, comfortable and carefree. As such, tiny homes in Australia are all the rage today due to the following benefits:
Less is more: The concept of minimalism and investing in only what is needed has made people more mindful of their investment choices. One such investment choice is buying a home for the family and future retirement. A small and cosy space will house fewer furniture pieces and minimal decor, and that means there will be less clutter in the house, and the home will be easier to maintain. As such, people in their late 50s should consider living in these tiny houses as it is an ideal investment that fits their budget. Youngsters, too, live in these spacious, stylish and tiny homes in Australia to budget their earnings well and live sustainably.
Low environment impact: The environment is undergoing global warming, leading to rapid climate change. And, inevitably, the planet will collapse if this continues. Meanwhile, these rapid changes can be slowed down by making more sustainable and environment-friendly choices. As such, people can take one step to occupy less of the earth space for living and give room for the flora fauna to flourish.
Australia is a land of rich wildlife heritage. There are many beautiful natural landmarks and wildlife like kangaroos and Tasmanian devils, which need to be protected from extinction. And when people invest in small houses in Australia, they occupy less space and leave only small traces of carbon footprints on the planet. Hence, the negative impact smaller homes have compared to luxurious ones is minimum.
Architecture and interior design at its finest: The best part about investing in compact homes is the beautiful infrastructure. Many young and talented architects in Australia are teaming up with renowned interior designers to build tiny, functional spaces for the new generation of homeowners. They understand the impact it can have on mother Earth and want to help change the ill effects of industrialisation. The architecture plans comprise mindful plumbing and electric connections to fit all functionalities under one tiny roof. Besides, many tiny homes have flooring and roofs made of high-grade wood, while others are made from luxurious stones like granite and marble. And the interiors can be altered in the house design plan, depending on the homeowner’s budget.
