As property prices continue to reach new highs across the country, the great Australian dream of a freestanding home on a generous block is slipping out of reach for many.
But that doesn't mean the concept of homeownership is lost, with a growing movement towards living small redefining what it means to live comfortably.
Forget sprawling estates and mega mansions, this new generation of cleverly designed, ultra-compact spaces proves that bigger isn’t always necessarily better.
Bus and van conversions
No plans, no overpriced accommodation, and little restrictions — the beauty of the open road is even more profound when your vehicle doubles as a bed.
While we’re all familiar with the ‘grey nomads’, in recent years there’s also been a huge uptake in younger people getting in on the caravan act.
The #vanlife hashtag has exploded as young renters priced out of the property market hit the road. Picture: Getty
Indeed, a new generation of enthusiasts are loading their surf boards into revamped vans and designer Airstreams as part of a global social media movement, represented via the #vanlife hashtag.
“Bus and van conversions are a cool option for those who value mobility and simplicity,” said head of property investment at Pearl Lemon Properties, Charles Whitehead.
“These converted vans are a chance at on-the-road living, and some tourists even equip them with fully functional homes, including kitchen facilities, bathrooms, and cosy beds. The trend has become increasingly popular worldwide, with van dwellers and remote workers appreciating the freedom of a nomadic life.”
This movement strongly appeals to minimalists, adventurers, and those looking to escape high rental costs or embrace a nomadic lifestyle. It offers the freedom to travel with your home, redefining what a fixed address means.
Houseboats
From 'grey nomads' to 'river nomads' - prospective buyers aren’t just hitting the road to find an affordable home, they're also looking to the water.
In South Australia, marina berths have become more popular and more expensive over the past few years, some now fetching in excess of $100,000.
Marina berths are becoming more popular as people turn to a life on the water. Picture: realestate.com.au/sold
As marinas offer mains power and water, pumping facilities and security, they're much more appealing for those with a houseboat than finding a place to moor along the river. Many marinas also offer free mooring for up to 48 hours.
Affordability isn't the only benefit houseboats offer - owners get to experience the tranquillity of water living with urban convenience.
Houseboats offer the same features as a home on the land, with more flexibility. Picture: realestate.com.au/sold
“These water houses provide stunning views and a new lifestyle that combines tranquillity with city convenience,” said Mr Whitehead.
“The outside looks of houseboats could be humble, but their interiors typically have all the modern amenities, laid out in a convenient package that combines simplicity with scenery.”
Caravan homes and tiny houses on wheels
The growing Tiny House movement has given rise to innovative homes on wheels.
Often classified as caravans or RVs, this clever design choice allows owners to circumvent traditional building codes and rising housing costs offering a mobile, flexible living solution.
“The growing Tiny House movement has led to improved standards for insulation, fire safety, and off-grid capabilities making these homes increasingly viable as permanent residences,” explained Dr Diaswati Mardiasmo, chief economist and head of national research at PRD Real Estate.
“However, challenges include securing legal long-term parking, access to utilities, and navigating varying council rules across states and territories.”
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