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Australia Builds World's Largest Homes As U.S. Dwellings Shrink (PHOTOS)

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The American McMansion has met its match. A new study reports that Australians now live in the world's largest homes, overtaking the U.S in the rankings.

The study, commissioned by the Commonwealth Bank of Australia, found that the average Australian house had grown by 10 percent in the past decade to 214.6 square meters (2,310 sq ft), Reuters reports.

This compares with the average size of new homes in America, which shrank to 201.5 square meters (2,169 sq ft), down from 212 square meters (2,282 sq ft). This was the first decrease in America in a decade and was a result of the recession, most reports noted.

Check out some of the other countries with large house sizes:

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