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In the Media: Larger homes “extremely popular” at Addison
McConnell Property's Addison development in Takanini was recently featured in an article by Stuff.co.nz on Auckland's growing number of four and five bedroom homes.
The builders of Addison, New Dreamland Development, said four-bedroom homes with an additonal, multi-functional room out the back are currently "extremely popular."
"Three-bedroom homes are not as popular, because the buyer always wants more for their money." said New Dreamland Development's General Manager, Amanda Minting Wen.
"The additional rooms give buyers and investors options for what they can do with the extra space, which is always welcome," she said.
Nationally, the average household size is at 2.7 people per home, and as a result, the biggest growth in households was in one and two people households.
However, Auckland's property market tells a different story, with a strong demand for homes of all sizes. Auckland's population is relatively young, and has large Maori and Pasifika communities, who on average tend to have larger families, so there’s demand for small and large houses.
The percentage of four and five bedrooms in Auckland has increased over the last decade, rising from 25% in 2001 to 31.4% in 2013, while the proportion of three-bedroom homes has fallen from 46% in 2001 to 41% in 2013. There was also a slight decrease in the number of new two-bedroom units.
Read the full article here.