With a median house size of 256.3 sq m, and a population of just over 450,000, Canberra has the largest pads globally according to a recent study by Buildworld, a UK-based construction industry supplier.
Canberrans have the largest homes in the world, according to new research, more than double the size of homes in Wellington and more than five times the size of the average Moscow home.
On average, the Australian Capital Territory is home to Australia's biggest houses (256.3 square metres), followed by Victoria (250.3 square metres), NSW (235 square metres) and Western Australia (232.5 square metres). Meanwhile, Tasmania has the smallest homes (179 square metres).
Istana Nurul Iman Palace, the official residence of the Sultan of Brunei, Hassanal Bolkiah, is the largest house in the world, spread over 2.15 million square feet.
With a median house size of 256.3 sq m, and a population of just over 450,000, Canberra has the largest pads globally according to a recent study by Buildworld, a UK-based construction industry supplier.
In 2017, Australia had the largest homes out of the countries surveyed. Australian homes measured, on average, 2,032 square feet, and were closely followed by U.S. homes at 1,901 square feet. Canadian homes were also quite large at 1,792 square feet.
The richest Aussies live in Sydney, ATO data has found.
Double Bay took out the top spot, living up to its 'Double Pay' nickname, with residents of the 2028 postcode raking in an average annual income of $266,381.
Australian house prices are considerably higher than in many other comparable countries, largely due to factors such as supply and demand imbalance, tax policies, and low-interest rates.
Our homes are much larger than those within Europe and even many American cities. Why has this occurred? It is simply economics. The actual land component of a new house and land package is very high and fixed.
The United States had overtaken Australia in 2013 for the largest homes title. COVID-19 has changed that with newly-built Australian houses now the biggest in the world again, with an average size of 235.8 square metres compared with 233.1 square metres in the US.
In the Australian continent, Sydney which is the capital of New South Wales, Australia is the richest city. It is the home to 126,900 millionaires, 184 centi-millionaires, and 15 billionaires. In the world's wealthiest cities list, it occupies 10th position.
Melbourne has beaten Sydney by one ranking in the age-old battle of the most liveable city, according to the June 2023 liveability survey by the Economist Intelligence Unit (EIU). The Victorian capital shot up to third behind Vienna and Copenhagen, and Sydney also jumped several places to fourth.
Australia is one of the countries with the highest standards of living and wages. They are know for one of the highest qualities of life and pay is significantly higher in the same industry. This translates to why there are many Americans, as they are here to accept new jobs.
While Australia is generally cheaper than the US, it's still important to understand the differences in pricing between the two countries. When comparing the cost of living, Australia ranks 10th in the world, while the US ranks 6th.
A family of four estimated monthly costs are 3,877.4$ (5,831.5A$) without rent. A single person estimated monthly costs are 1,099.1$ (1,653.0A$) without rent. Cost of living in Australia is, on average, 0.7% higher than in United States. Rent in Australia is, on average, 18.1% lower than in United States.
Australians collected a higher median wealth per adult than anywhere else in the world at $US273,900 ($A390,870) – nearly three times the median wealth of $US93,270 ($A133,100) in the US. Australia was followed on the rich list by Belgium and New Zealand, with the US trailing behind at number 18.
Most of Australia's 19 million people live near the coast, because the inner parts are made up of deserts. 80% of the country's population live in the south-eastern part of the country. Here you can also find the big cities like Sydney and Melbourne, or the capital Canberra.
Mungallala Methodist Church was built in 1964. It has now closed. In 2016, the Australian Taxation Office listed Mungallala as having the lowest mean taxable income by postcode, making it the poorest town in Australia, which led the ABC to do a documentary on the town for their online "storyhunters" program.
A Marvel of Elegance and Charm. Experience America's Largest Home®, as magnificent today as it was more than a century ago. Your self-guided house visit spans three floors and the basement of the luxurious family home of George and Edith Vanderbilt.
What is the average house size by home type? Depending on the date, the average Australian home is between 232-252 square metres in the house area. Interestingly, some sources such as the ABS the average house size has risen since 2020, whereas some like CommSec believe houses have gotten smaller in the last few years.
1. Bill Gates' $125million house. After seven years in the making, Bill Gates' mega-mansion 'Xanadu 2.0', takes the top spot at a whopping $125 million!