Household size

The Australian housing market is an incredibly complex entity, shaped by an interplay of various factors that create distinct trends and patterns. One factor that often goes unnoticed, but plays a vital role in understanding the housing market, is the average household size. Over the past few decades, the average number of people living in each Australian household has steadily declined from 2.9 in the mid-1980s, driven by factors such as an aging population, falling fertility and marriage rates, and higher household incomes.