It is no secret that Australia has one of the most expensive real estate markets in the world. This is one of the reasons why many homeowners are having a hard time paying off their mortgages. To overcome this challenge, some Australian families are “thinking small” so they can say finally say goodbye to pricey mortgages.
A lifestyle that has been hugely popular in the United States has now made its way to the Land Down Under. Reports show that there have been a growing number of Aussie families who are building tiny and compact homes on wheels that measure just ten square metres in pursuit of a mortgage-free lifestyle. One of them is Fred Shultz and his family.
For the last three years, Mr Shultz has been working on his compact home, which is soon to provide comfort and warmth for himself, his wife Shannon, and their baby girl. Although some people might wonder how the tiny house would fit members of his family, Mr Shultz is quite confident that his property would do just fine.
Despite its small size, the house definitely has all the amenities of a regular-sized home. It has two sleeping areas, a kitchen, and a living and dining area. It even has a bathroom with a Japanese style bath.
However, coming up with the design is not a walk in the park. With the house being only 5.5 metres long, 2.5 metres wide, and 4.5 metres high, the head of the Shultz family has to be creative to maximise space. To do this, he uses unsuspecting areas for storage.
“It will have a dining room table that lives under the loft,” he explained, adding that the dining table can be brought down to table height when needed.
While designing a compact home can be challenging, Mr Shultz believes this could be the way of the future. “It’s cheaper in terms of sustainability, it’s cheaper on your budget and cheaper on the earth,” he said. And more importantly, he and his family won’t have to pay for an expensive mortgage.
Meanwhile, filmmaker Jeremy Easley has created a documentary called “Small is Beautiful,” which is about the growing popularity of tiny homes in the US. In the documentary, he followed four people as they build their own tiny houses to live a mortgage-free lifestyle, discovering that living in a small home goes beyond saving money and more about the ability to build their own house.