Aussies no longer building McMansions

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Aussies no longer building McMansions. Savanth Sebastian - CommSec Economist explains Floor area of new homes at 11-year low: The average floor area of new residential homes fell to an 11-year low in 2012/13.First home buyers accounted for just 12.5 per cent of all loans - the lowest reading in records going back 23 years.

Australia economy housing

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