The Australian Bureau of Statistics shows that a high percentage of Australia’s 4.2 million baby boomers own their own homes, yet their 11 million children (Generations X and Y) are now looking at long term rental rather than spending up to 86 per cent of their income on a home of their own.
A team of architects, suppliers and builders led by property identity Kevin Doodney is tackling the issue of housing affordability head on by launching a new concept home designed for first home buyers and low to moderate income earners.
“There has been a lot of talk about the housing affordability crisis over the years but I think the public is tired of talking and want a solution,” Mr Doodney, Director of LJ Hooker Land Marketing said.
Kevin Doodney has spent 30 years researching property trends and has dedicated the past three years alongside major partners LJ Hooker, James Hardie and Earth Spirit Home to find a genuine solution to the crisis.
The dedicated group of specialists has been secretly building a new display home over the past three months inside an empty Brisbane factory. The Smarter Small Home is now about to be revealed.
“This home is smarter, greener and more compact than your average house and can fit comfortably on a 300m2 or 400m2 block of land while still keeping a good size backyard for the kids to play cricket,” Mr Doodney said.
“Very soon, we expect to be able to offer this home including land for around $275,000 (less in regional areas) and given the average home in South East Queensland sold for over $400,000 last year, this will be a god-send for many Australians desperate to get out of the ‘rent-race’", he said.
Public tours will be available from April 18th and bookings can be made online.